Exam (elaborations)
BUAD 331 Exam 3/40 Questions and Answers/100% Scores
- Course
- Institution
BUAD 331 Exam 3/40 Questions and Answers/100% Scores
[Show more]
Seller
Follow
Victorious23
Reviews received
Content preview
BUAD 331 Exam 3/40 Questions andAnswers/100% Scores
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 by half can provide Ted's products great
competitive price in the market.
b.) Yes, ensured quality can reduce product defects and hence increase
customer satisfaction.
c.) It depends on the tradeoffs and the impact on total cost of ownership.
d.) No, purchasing from supplier in China will cause higher level of inventory.
e.) No, purchasing from supplier in China will increase the lead time. - -c
-Global SCM is difficult to plan and execute. One reason is that people are
extremely different across cultures. Suppose that you area purchasing
manager at Ted's Wicked Die Shop and visit China to meet one supplier. In
the meeting, you ask a Chinese supplier to supply some components from
July 2013 at a certain price. If a Chinese supplier says "YES", what does it
mean?
a.) We accept the offer.
b.) We can produce those components.
c.) We can meet the requirement.
d.) We can negotiate. - -d
-At its core, a supply chain risk profile asses the_______________ and
the_______________.
a.) Impact of disturbances in the supply chain; the ways a firm can mitigate
those disturbances
b.) Five risk factors; relationship of those factors to customer demand
c.) Probability of a risk occurring; the impact of that risk if it occurs
d.) Vulnerability of a specific node in the supply chain; the drivers of risk for
that node - -c
-Which of the following is NOT an issue that impacts global supply chain
decisions for US firms?
a.) Cultural differences between international partners.
b.) Inadequate transportation infrastructure in trading countries.
c.) Passage of new US domestic transportation spending legislation.
, d.) Substantial geographic distances between trading partners. - -c
-Which of the following is NOT a sound reason for a company to expand
globally?
a.) To decrease labor rates by manufacturing in lower cost countries.
b.) To decrease complexity by selling to emerging markets.
c.) To level the playing field with competitors who are global.
d.) To increase sales by opening foreign markets.
e.) To decrease raw materials costs by using foreign suppliers. - -b
-Which of the following factors typically contribute to increased delays and
variability of lead times in the global supply chain?
a.) Complexity required for movement of goods between countries.
b.) The use of cross-docking and flexible fulfillment strategies.
c.) An agile fulfillment model.
d.) Complexity of translating advertising and promotions into different
languages.
e.) A lean fulfillment model. - -a
-In an attempt to create a "one size fits all" low-cost supply chain for all of
his clothing products, Ted decides to source all his clothing products from
Vietnam instead of Ohio. The average hourly labor rate in Vietnam is $1 per
hour versus $14 in Ohio. No changes to transport capacity or textile import
quotas were made in conjunction with this change of supplier. Ted's clothing
line includes standard items such as white socks and t-shirts and specialty
items such as customized flip-flops and autographed swimwear.
1. Which of the following statements is true based on this scenario?
a.) Supply replenishment lead times and variance will likely increase.
b.) This strategy is most appropriate for the customized products, but not for
socks and t-shirts.
c.) Ted's supply chain will now be much more responsive to changes in
demand.
d.) Forecast accuracy will increase due to the longer planning time horizon. -
-a
-If Ted decided to move most of his sourcing for clothing products to
Vietnam, but also kept up a contract with domestic suppliers to source some
of those same products locally, this would be an example of using
_______________ to mitigate _______________ risk.
a.) Redundancy; Supply
b.) Flexibility; Process
c.) Agility; Control
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Victorious23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now