Buad 331 - Study guides, Class notes & Summaries

BUAD 331 Exam 4Logistics Management - correct answer is the part of SCM that plans, implements, and controls the efficient, effective, forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer requirements Supply Chain Management - correct answer the management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to...

BUAD 331 Exam 1 Questions and Answers Already Passed Supply Chain Management refers to: A. The comprehensive management of networks of suppliers B. The meaningful integration of service with customer fulfillment C. The collaboration between operations and suppliers D. The management of up and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole E. The procurement, movement, and storage of product and inform...

BUAD 331 Exam 2 Questions and Answers Already Passed Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False B. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources B. Customers When purchasing and supply management works well within an organization, the com...

BUAD 331 Exam 4 Why might a company consider expanding its supply chain internationally? To obtain access to lower-cost suppliers To take advantage of a skilled labor base in another country To support international expansion of sales To fend off competition from an international competitor All of the above - correct answer All of the above What is the biggest cause of difficulties in working with another culture? Language differences Different ways of making decisions and approac...

BUAD 331 Final Modules Questions and Answers 100% Pass Why might a company consider expanding its supply chain internationally? A. To obtain access to lower-cost suppliers B. To take advantage of a skilled labor base in another country C. To support international expansion of sales D. To fend off competition from an international competitor E. All of the above E. All of the above What dimension of the country assessment framework involves the strength of supply chain support busin...

BUAD 331 Exam 1Supply Chain Management refers to: A. The comprehensive management of networks of suppliers B. The meaningful integration of service with customer fulfillment C. The collaboration between operations and suppliers D. The management of up and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole E. The procurement, movement, and storage of product and information flows through the organization to max...

BUAD 331 - Exam 3Define order cycle time. A. The total cost of ownership combined with the customer value of a product B. The total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled C. The total elapsed time from when the customer first orders the product to when that product is shipped to them D. None of the above - correct answer The total elapsed time from when the customer first recognizes need to when that need is ultimately fulf...

BUAD 331 Final Exam Questions With Verified Answers Why might a company consider expanding its supply chain internationally? A. To obtain access to lower-cost suppliers B. To take advantage of a skilled labor base in another country C. To support international expansion of sales D. To fend off competition from an international competitor E. All of the above E. All of the above What dimension of the country assessment framework involves the strength of supply chain support businesses ...

BUAD 331 Exam 3 Questions and Answers Already Passed 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 in...

BUAD 331 Exam 3 Which of the following is not a technique for fulfilling customer orders? A. Supply cycle time B. Anticipate form, time, and place C. Full Postponement D. Make to stock, postpone time/place - correct answer A. Supply cycle time Define order cycle time. A. The total cost of ownership combined with the customer value of a product B. The total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled C. The total elapsed time from...