BUAD 331 Exam 1 Study Guide question n answers graded A+

BUAD 331 Exam 1 Study Guide Lead Gap Time - correct answer Supply Chain Lead Time - Customer's Order Cycle Time Supply Chain Lead Time - correct answer procurement, manufacturing, and delivery of order Customer's Order Cycle Time - correct answer Time that the customer is prepared to wait on order In conventional organizations, what is the only way to close the time gap? - correct answer To attempt to forecast the market's requirements and carry just-in-case- inventory A reduction in the gap can by achieved by... - correct answer Shortening the SC lead time(pipeline time) while simultaneously trying to gain earlier warning of requirements through improved visibility of demand. Lifetime Value of Customers Equation - correct answer (average transaction value) x (yearly frequency of purchase) x (customer life expectancy) Total Process Performance - correct answer = Cash-to-cash What are the key process metrics? - correct answer Internal Supply Chain and Overall Supply Chain Internal Supply Chain - correct answer Perfect Order, Cash-to-cash Overall Supply Chain - correct answer Focus on the end customer, Dwell time, Inventory days of supply, total landed cost Total Cost of Ownership (LILSO)= - correct answer Landed Cost + Inventory Carry Cost + Life Cycle Costs + Support Costs + Opportunity Cost