BUAD 342 Final EXAMELABORATIONS 2024

Why might a company consider expanding its supply chain internationally? - Correct Answer All of the above (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 internation...

The order Cycle - Correct Answer process around the interface between customer demand creation and supply chain creation of form, time, and place value to fulfill that demand Focal Point of The Order Cycle - Correct Answer the agreement between an organization and a customer to create a certain l...

chain - Correct Answer consists of organizations, people, activities, information, and resources involved in moving a product or service from the origins of supply all the way to the point of final consumption. SCM refers to... - Correct Answer components that are closer to the raw materials as b...

Why might a company consider expanding its supply chain internationally? - Correct Answer All of the above What is the biggest cause of difficulties in working with another culture? - Correct Answer Different ways of making decisions and approaching business Which supply chain strategy is most...

Sampling distribution of a proportion (we know the true population proportion) - Correct Answer 1. Randomization 2. 10% Condition 3. Success/Failure: Use p and q Confidence interval of proportion (we don't know the true population proportion) - Correct Answer 1. Randomization 2. 10% Condition...

Patagonia "Cause no unnecessary harm" Example - Correct Answer 1. Fix sustainability by going deep into the supply chain→ Suppliers 2. Farms supplying down feathers to Patagonia were force feeding Geese to fatten their livers for foie gras 3. Brokers charging migrant workers thousands of dolla...

definition: Connecting directly with carefully targeted individual customers to both obtain immediate response and cultivate lasting customer relationships - Correct Answer Direct Marketing What is the fastest growing form of marketing? - Correct Answer Direct marketing -10% of U.S. economy is...

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...

Agility - Correct Answer The firm's ability to quickly adjust tactics and operations within its supply chain to respond or adapt to both positive & negative changes in its environment SCM Agility - Correct Answer Alertness, Accessibility, Decisiveness, Swiftness & Flexibility Key Principles o...

Planning - Correct Answer This involves predicting and forecasting the future demand for a product or service to secure capacity, materials, and talent to fulfill the expected demand in a way that meets a customers expectation. (MOST UPSTREAM) Sourcing - Correct Answer aka procurement activities ...

Name the major challenges of Global SCM - Correct Answer Risk, raw material scarcity, complex governmental rules and regulations, environmental sustainability, coordination with global partners, cost pressure, local and regional consumer preferences What dimension of the country assessment framew...

Name the major challenges of Global SCM - Correct Answer Risk, raw material scarcity, complex governmental rules and regulations, environmental sustainability, coordination with global partners, cost pressure, local and regional consumer preferences What dimension of the country assessment framew...

Supply chain management refers to: - 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. Which of the following companies refers to itself as a "technology company merged with a supply chai...

Price - Correct Answer -Narrowly: price is the amount of money charged for a product -Broadly: price is the sum of all values consumers exchange for a product/service Price is ____not just money - Correct Answer -Sacrifice -Ex: ordering from Amazon vs Dillards to order from Amazon you sacrific...