Cost efficiencies - Study guides, Class notes & Summaries

BUAD 331 - Module Quizzes - Exam 1 Questions and Answers Graded A+ According to the concept of Market Driven Supply Chain, directly before you define customer service objectives, you first should: Segment Customers Among the following examples, which refers most closely to the place utility that supply chains provide? An Australian grocery store provides food in remote towns. A first-time buyer purchasing school supplies at Wal-Mart can expect this level of customer service: Basic S...

What is Supply Chain Management? : the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) : 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 Competitive advantage: : requires delivering more value and satisfaction t...

what is scm - Answer-The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? - Answer-suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? - Answer-the consumer What does SCM involve? - Answer-all the activities that take place to get a product in your hands - from the time of raw materials extraction to the minute you pull ou...

What is Supply Chain Management? - Answer- the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - Answer- 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 Competitive advantage: - Answer- requires delivering more value...

Corporate Strategy The decisions & actions taken to gain & sustain competitive advantage in several industries and markets simultaneously What does corporate strategy address? Where to compete on 3 dimensions: Industry value chain: vertical integration Products & services: diversification Geography: regional, national, or global markets Vertical Integration The process in which several steps in the production and/or distribution of a product or service are controlled an...

BUAD 331 EXAM 1 QUESTIONS AND ANSWERS LATEST UPDATED 2024/2025 | 100% VERIFIED. How does Zara use its supply chain capabilities to generate competitive advantage? A. Stocking clothing far in advance of sales to ensure in-stock availability. B. Buying new seasonal clothing lines in bulk to take advantage of volume discounts from suppliers. C. Speeding cycle times of new fashions from design to store shelf to ensure the trendiest fashions. D. Cycling seasonal clothinterm-0g trends using lon...

What is Supply Chain Management? - Answer-the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - Answer-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 Competitive advantage: - Answer-requires delivering more value and...

Recent trends that might lead managers of multinational corporations (MNCs) not to adopt a multi-domestic strategy for their operations would include all of the following except A. international customers' needs, interests, and tastes are becoming increasingly homogenized or similar. B. consumers around the world are increasingly willing to trade off idiosyncratic preferences in product features for lower prices. C. flexible manufacturing trends have allowed a decline in the minimum volu...

AAAE CM MODULE 1 EXAM REVIEW QUESTIONS AND ANSWERS. GRADED A+/ VERIFIED. +/- of concessions after security - -+ Secure facilities + Capture connecting traffic - Higher cost +/- of concessions before security - -+ Increased exposure + Cost efficiencies - Passengers want to get thru screening ASAP 3 types of aircraft approaches? - -1. Visual - no aids 2. Non-precision - lateral navigation aid 3. Precision - lateral and vertical aid 4 areas to assess when upgrading a computer system - -...

Value - the relationship between the price of a good or service and the benefits that it offers its customers Business - any organization or activity that provides goods and services in an effort to earn a profit Profit - the money that a business earns in sales or revenue, minus expenses, such as the cost of goods, and the cost of salaries. Revenue - Expenses = Profit (or Loss) Loss - when a business incurs expenses that are greater than its revenue Entrepreneurs - people who risk t...