Buad 331 exam 2 question - Study guides, Class notes & Summaries

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 near real-time Which of the following is FALSE concerning "Quick Response" and "Vendor Managed Inventory" techniques? It uses supplier generated forecasts of demand to push large volumes of produ...

Sourcing & purchasing - CORRECT ANSWER-tend to connote the more tactical aspects of the field 1. identifying he requirements 2. locations 3. identity of specific companies and providers - CORRECT ANSWER-Sourcing includes processes involved in...that may be used for inputs required to create value. Purchasing - CORRECT ANSWER-The process used to actually make a buy from a source Commodity - CORRECT ANSWER-The inputs (materials, sub-assembled components, equipment, and services)...

office supplies for an automobile manufacturer would fit in the supply and commodity category titled "Indirect Materials Office Supply Product category" (t/f) - CORRECT ANSWER-true you are in charge of buying a new make and model of work computers for the entire company HQ. you know it will be expensive, but have many options to choose from so you can make computer manufacturers bid against each other. Why type of commodity are the computers? - CORRECT ANSWER-leverage commodity sou...