BUAD 331 Q&A Exam Bundle

_________ is the process around the interface between customer demand creation and supply chain creation of form, time, and place value to fulfill that demand. order cycle ________________ starts when the customer recognizes and ends when the customer acknowledges that the need has been fulfilled...

You are SC manager at cellphone Inc. and part of your job is to make recommendations on fulfillment techniques for various products. Boss wants to know which products would be most appropriately serviced using lean technique. You tell him... a basic phone with a high volume of predictable customer d...

total relevant value total cost of ownership + customer value total relevant value orientation strategic foundation that focuses the organization on creating the optimal desired value for customers of choice and optimal profit for the supply chain the order cycle interface point between custom...

Sourcing is the inputs (or things we buy), including materials, sub- assembled components, equipment, and services that are required to create value. T/F False Which of the following is NOT an area in which successful supply managers need expertise? : A. Technologies B. Customers C. Supplier...

What is operational capacity composed of? human labor and the machine capacity needed for the conversion process Operational Management key activities tend to be the same for the production of a good or service. T/F? True what are three spend categories and commodities and what are some exampl...

18. When determining the potential for a particular event a manager may rely on -historical information -subjective assessments 17. Why might a company consider expanding its supply chain internationally. To obtain access to lower cost suppliers, skilled labor base in another country, support i...

Why might a company consider expanding its supply chain internationally? A) To obtain access to lower-cost suppliers B) To take advantage of a skilled labor base in another country C) To support international expansion of sales D) To fend off competition from an international competitor E) All...

Ted is approached by a diving goods supplier who tells him that he can reduce his purchasing price by half with ensured quality due to his lower cost structure resulting from his manufacturing locations in China. Should Ted accept the supplier's offer and why? a.) Yes, cutting the purchase cost ...

Why might a company consider expanding its supply chain internationally? A. To obtain access to lower-cost suppliers B. To take advantage of a skilled labor base in another country C. To support international expansion of sales D. To fend off competition from an international competitor E. All ...

What is one major ISSUE that still exists in a lean fulfillment model: INVENTORY must be held in anticipation of customer orders Assuming company decided to adopt full agile/responsive order fulfillment, which case above would exemplify the costs associated with this strategy? Total Inventory = Zer...

Logistics Management is the part of SCM that plans, implements, and controls the efficient, effective, forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer requirements Supply Chain Mana...

Key factors for ensuring that products flow in a synchronous, coordinated fashion through the supply chain include: Information sharing and process synchronization What is one benefit of buyer-seller collaboration in synchronized supply chain? Demand information is captured and communicated in ne...

How does Zara use its supply chain capabilities to generate competitive advantage? Speeding cycle times of new fashions from design to store shelf to ensure the trendiest fashions. Supply chain management refers to: the integrated management of business functions within and across organizations ...

define what supply chain is? business discipline responsible for buying everything an organization needs to function, converting it into a form that customers might want to use, and getting it to where customers live and work what are examples of early innovators to utilize supply chain managemen...