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D311 Final Exam Predictor Questions 2024 with 100% Correct Answers |Verified
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D311 Final Exam Predictor Questions 2024 with 100% Correct Answers |Verified
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D311 Final Exam Predictor Questions 2024 with100% Correct Answers |Verified
Types of gaps that show the difference between total market potential and company sales -
✔✔-usage
-product line
-distribution
-competitive
Usage Gap - ✔✔collectively, all competitors sell less than the market potential
Product Line Gap - ✔✔the company lacks some product variations
Distribution Gap - ✔✔the company misses coverage by geography or type of outlet
Competitive Gap - ✔✔competitors' sales are not explained by product-line and distribution
gaps
Supply Chain Management - ✔✔activities in the value chain that occur outside the company
Factors in operations strategy - ✔✔-cost efficiency
-dependability
-quality
-innovation
-flexibility
, Quality - ✔✔meeting or exceeding customer expectations
Manufacturing Configurations - ✔✔-centralized manufacturing: one plant, one country, one
product
-regional manufacturing: regional supplier hub
-multi domestic manufacturing: individual markets worldwide
Coordination - ✔✔the linking or integrating of all activities within the global supply chain
into a unified system
Control - ✔✔the measuring of performance so a firm can accurately respond to changing
conditions
Zero Defects - ✔✔the refusal to tolerate defects of ANY kind
PTX - ✔✔private technology exchange--an online collaboration model that brings
manufacturers, distributors, value-added resellers, and customers together to execute trading
transactions
Global progression in the purchasing function - ✔✔-domestic purchasing only
-foreign buying based on need
-foreign buying as part of procurement strategy
-integration of global procurement strategy
AQL - ✔✔acceptable quality level-- a few faulty products would be dealt with through repair
facilities and service warranties
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