BUAD 331 Quiz 1 Knowledge Checks Question And Answers
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BUAD 331 Qui
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BUAD 331 Qui
How does Zara use its supply chain capabilities to generate competitive advantage? -
CORRECT ANSWER-Speeding cycle times of new fashions from design to store shelf
to ensure the trendiest fashions.
Which of the following companies refers to itself as a "technology company merged with
a supply...
BUAD 331 Quiz 1 Knowledge Checks
Question And Answers
How does Zara use its supply chain capabilities to generate competitive advantage? -
CORRECT ANSWER-Speeding cycle times of new fashions from design to store shelf
to ensure the trendiest fashions.
Which of the following companies refers to itself as a "technology company merged with
a supply chain"? - CORRECT ANSWER-Amazon
How does supply chain management create value? - CORRECT ANSWER-Form, time,
place, exchange
The "Great Divide" in supply chain management occurs between: - CORRECT
ANSWER-Demand-generating activities and demand-fulfilling activities
What megatrend will greatly challenge supply chain managers? - CORRECT ANSWER-
Disruptive technology, Talent/skills requirements, Social changes
What is the main problem with the traditional order process, as depicted in this figure? -
CORRECT ANSWER-Activities are sequential and thrown "over the wall" to the
downstream functional area.
Supply chain management refers to a relatively new business phenomenon of -
CORRECT ANSWER-The management of upstream and downstream relationships with
suppliers and customers to deliver superior customer value at less cost to the supply
chain as a whole.
What part of the Supply Chain Operations Reference (SCOR) model involves turning
the raw material into a finished product? - CORRECT ANSWER-Make
In relation to the overall supply chain, ______ place a priority on cost savings while
_______ place a priority on doing whatever is necessary to deliver form, time, and place
as promised on a specific order. - CORRECT ANSWER-upstream operations,
downstream operations
What negative outcomes can result from large lot-sized, long lead-time operations? -
CORRECT ANSWER-Customers don't want the items, The items are in places and at
times customers don't want them, Unsold products are sold at reduced prices or
scrapped altogether.
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