Responsiveness of supply Study guides, Class notes & Summaries

mgmt principles of managements Canadian - test banks, Chapter 2 Organizational Environments and Cultures MULTICHOICE 1. What are the two types of external organizational environments? (A) general and specific (B) public and private (C) global and national (D) organizational and interpersonal Answer : (A) 2. Which of the following environments affects all organizations? (A) the global environment (B) the national environment (C) the general environment (D) the formal environment Answer :...

CSUF MKTG 351 Final Exam Questions and Answers 100% Pass Importance of services to the economy - 55% of all US GDP - 10 out of 11 service sectors increased their revenue last year - Largest gains from Internet and Broadcasting: Google Facebook, Pandora, Spotify, SiriusM --- Interpublic Group - One of the largest How services differs from groups - Intangible - Inseparable - Heterogeneous - Perishable Intangible --- Services cannot be touched, seen, tasted, heard, or felt in the ...

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...

Paradigm Change for business competition - ANSWERForm, time, place, exchange --> Creating value Porter Chain Value - ANSWERInbound logistics, operations, outbound logistics, sales, service (primary activities) -Supplier base--> Integrated enterprise --> market/ distribution network Integrated Supply Chain Management - ANSWERTraditional business coordination with particular organization within the supply chain for purposes of improving long term performances of individual enterpri...

SCMN 2150 Test 1 Exam Questions With 100% Correct Answers What is Supply Chain Management? - answerIncludes 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 out your credit card and take the final product home 7 Principles of Supply Chain Management - answer1. Segment customers based on service needs 2. Customize the logistics network 3. Drive operations from demand 4. Differentiate product closer to the...

networks may be transferred to the designed networks on which so much of modern life depends. The structure of this chapter is as follows. Section 2 describes in more detail the challenging modern manufacturing context within which goods and services are ordered, manufactured and distributed. Section 3 reviews briefly the use of agent-based modelling (ABM) in manufacturing supply networks, before presenting three case studies that illustrate different aspects of agent-based modell...

BUAD 331 EXAM 1 QUESTIONS AND ANSWERS LATEST UPDATED 2024/2025 | 100% SOLVED. 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...

Toothpaste and toothbrushes are complements, so the ________ elasticity of demand is ________. Correct Answer-cross; negative If two variables are positively related Correct Answer-they move in the same direction over time If demand is price elastic, Correct Answer-a 1 percent decrease in the price leads to an increase in the quantity demanded that exceeds 1 percent. Which of the following is a microeconomic topic? Correct Answer-the reasons why Kathy buys less orange juice Producers...

BUAD 331 Final Exam Questions & Answer Paradigm Change for business competition - ANSWERForm, time, place, exchange --> Creating value Porter Chain Value - ANSWERInbound logistics, operations, outbound logistics, sales, service (primary activities) -Supplier base--> Integrated enterprise --> market/ distribution network Integrated Supply Chain Management - ANSWERTraditional business coordination with particular organization within the supply chain for purposes of improving long ...

When faced with a network design decision, the goal of a manager is to design a network that minimizes the firm's costs while satisfying customer needs in terms of demand and responsiveness. - Answer FALSE The supply chain network is designed to maximize total profits, taking into account the expected margin and demand in each market, various logistics and facility costs, and the taxes and tariffs at each location. - Answer TRUE Decisions concerning the role of each facility are significa...