Cost competitiveness - Study guides, Class notes & Summaries

supply chain management correct answers the "art" of managing the flow of materials and products, info, and financial resources from source to user what is the order of the supply chain cycle? correct answers suppliers -> manufacturers -> distributors -> retailers -> consumers who is the most important participant in the supply chain? correct answers consumer how are greater profits achieved? correct answers by achieving higher sales at lower costs what are the 7 rights...

What is Supply Chain Management? correct answers the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) correct answers It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Why is SCM important to customers? correct ...

OMIS 430 Exam 2 SELU Woosley Latest Update Graded A+ Capacity the upper limit or ceiling on the load that an operating unit can handle Capacity needs to include: 1. Equipment 2. Space 3. Employee Skills Strategic Capacity Planning Goal To achieve a match between the long-term supply capabilities of an organization and the predicted level of long-term demand Overcapacity operating costs that are too high (overtime - hire someone new) Undercapacity strained resources and poss...

Wall St Question and answers already passed Potential reasons to acquire another company * Value Creation from Revenue and Cost Synergies Ownership of Technology Assets (IP, Patents, Proprietary Technology) * Talent Acquisitions (New Skilled Employees) * Expansion in Geographic Reach or into New Product/Service Markets * Diversification in Revenue Sources (Less Risk, Lower Cost of Capital) * Reduce Time to Market with New Product Launches * Increased Number of Channels to Sell Products/Ser...

MGMT 449 Chapters 1-8 TEST BANK Crafting and Executing Strategy 22nd Edition by Thompson. Chapter 1 What Is Strategy and Why Is It Important? 1) Managerial considerations in determining how to compete successfully do not normally include A) How can a company attract, keep, and please customers? B) How can a company modify its entire product line to emphasize its internal service attributes? C) How should a company respond to changing economic and market conditions? D) How should a company...

What are reasons that companies expand into foreign markets? - Answer-1. to gain access to new customers 2. to achieve lower costs 3. to gain access to low cost production Companies are often motivated to enter foreign markets to _____. - Answer-take advantage of new resources and capabilities A company may find it easier to operate in one country than in others because of the country's - Answer- 1. advantages for specific value chain activities 2. strong economic conditions 3. favorab...

MAN 4720 Quiz 1 Latest Update with Verified Solutions Which of the following could be a definition of strategic competitiveness? a. The ability of a firm to outperform its rivals by forming and executing a strategy that creates value for its stakeholders b. A solid company with predictable sales and profitability every year, delivering predictability for its shareholders c. A start-up company with an innovative new product that changes an industry d. The status of a company with th...

1. If a company spends $14.4 million to install refurbished footwear-making equipment….. ANSWER. 10% or 41,440,000 2. A company’s management team should compete ANSWER. It concludes that the company has more than enough production capacity to produce the needed pair of branded footwear and based on its projections…… 3. Based on the industry-low, industry-average, and industry-high values that appear on p.7 of each issue for the FIR, ANSWER. MB-Your company’s operating profit pe...

Supply Chain Management correct answers creates strong end to end supply chain from the upstream supplier to the downstream consumer. An integrated collected of organizations, people, activities, information, and resources Includes all the activities that its takes to get products from the supplier to the consumer, involves everything from raw material extraction, to component fabrication, to production and distribution of tangible goods, so the finished product is available to meet consum...

WGU D174 Marketing Management Questions and Answers Already Passed Miles and Snow's Strategy Types 1. Prospector 2. Analyzer 3. Defender 4. Reactor Prospector (Miles & Snow) Firm exhibits continual innovation by finding and exploiting new product and market opportunities. Analyzer (Miles & Snow) Firm relies heavily on analysis and imitation of the successes of other organizations, especially prospectors. Defender (Miles & Snow) Firm searches for market stability and production of only a limi...