DEFM-200 Questions with complete solution DEFM-200
Continuous replenishment supply chains - correct answer focus on the relationship with customers (and suppliers), and involve sharing information freely. Strategic Partnerships, long-term stability and mutual trust are all key components of...
DEFM-200
Continuous replenishment supply chains - correct answer ✔focus on the
relationship with customers (and suppliers), and involve sharing information
freely. Strategic Partnerships, long-term stability and mutual trust are all key
components of this type of supply chain.
Lean supply chains - correct answer ✔focus on efficiency and lowest cost-to-
serve. In order to achieve this outcome, high-volume, low-variety business is
ideal, and products are made and distributed to forecast. Economies of scale
are the order of the day, in what is mostly a predictable operating environment
for essentially mature products and services.
Agile supply chains - correct answer ✔are all about delivering a quick
response to demanding customers, mostly by making to order using
postponement techniques. This has to be the case because the operating
environment is now quite unpredictable.
Fully flexible supply chains - correct answer ✔are designed to meet
unplanned and unplannable demand. The subculture is essentially
entrepreneurial and involves a small group of like-minded individuals seeking
creative solutions, fast. The leadership is by inspiration, and always authentic.
Four generic types of Supply Chain - correct answer ✔- Continuous
Replenishment
-Lean Supply chain
-Fully Flexible
-Agile Supply
4 main buying behaviours - correct answer ✔Defined as 'collaborative',
'efficient', 'demanding' and 'innovative solutions'.
, Contract Life Cycle - correct answer ✔The beginning, middle and end of a
contract happen. The Life Cycle has three contract phases: Pre-Award,
Award, and Post-Award. The three phases fall into the five domains of the
contract Life Cycle: solicitation, offer, contract, contract performance, and
closed contract.
Contract Management - correct answer ✔Intergrates the process used to
manage contract throughout the contract life cycle while ensuring customer
satisfaction.
(Commercial disputes) expectation of damages - correct answer ✔Monetary
damages to place the aggrieved party in the same position as if the contract
has been performed.
(commercial disputes) reliance damage - correct answer ✔Monetary
damages, such as compensation for expenses or losses, that place the group
party in the same position as was in before signing a contract
(commercial disputes) restitution - correct answer ✔The defendant must
repay the monetary value they received from the grief party for partial contract
performance
(Commercial disputes) stipulated damages - correct answer ✔This is a fix
some or formula that the contract provides as remedy for partial or full breach
of contract. Stipulated damages are also called "liquidated damages "
(commercial disputes) interest - correct answer ✔This may be calculated in
addition to any damages awarded
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