Cost competitiveness - Study guides, Class notes & Summaries

Logistics Management - ANSWERis 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 - ANSWERthe management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to the supply chain as a whole C...

Operations Management correct answers the processes that effectively produce transform, and deliver a product or service designing, activation and improving processes *each and every business function must manage its own operations *HOW THIS GET DONE Effective OM and SCM correct answers use resources more efficiently -improve business processes effectiveness -improve relationships btw business entities -help meet strategic goals -increase customer service OM (how things get do...

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...

Strategic Management correct answers the study of why some firms outperform others Mission correct answers statement explaining why a company exists. both internal and external. No time frame. Vision correct answers Crystallization of what leaders want firm to be. Guides development of strategy and organization. achievable within a time period. Internal except for slogans. Goals/ Strat. Plan correct answers How to beat present and potential competitors. Set of actions to provide product...

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...

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...

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 ...

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...

(Combined) ISDS Exam 2 Chapter 8, Quiz reviews, Quiz 2, OMIS 430 Test 3, Supply Chain Exam 2 (Chapter 8), ISDS 3115 Chapter 9, 353 Final, Chapter 1: Introduction to Operations Management, Chapter 2: Introduction to Processes, Database Management Midterm, All With Complete Verified Solutions 2023/2024 FedEx chose Memphis, Tennessee, for its central location, or "hub," primarily because of the incentives offered by the city of Memphis and the state of Tennessee. False (Global company profile...