Final Exam MGT301 NAU Exam Questions
and Answers
Outsourcing - ANSWER-Transferring a firm's activities that have traditionally been internal to
external suppliers
Vendor-managed inventory - ANSWER-a system in which a supplier maintains material for the buyer,
often delivering directly to the b...
Disadv: could dilute the brand or lose competitive advantage
sourcing strategy: Keiretsu - ANSWER✔✔-Company coalition that is part collaboration, part purchasing
from few suppliers, and part vertical integration. These manufacturers are often financial supporters of
suppliers through ownership or loans. Adv: long-term relationships, collaboration as partners, technical
expertise, and stable quality production
sourcing strategy: virtual companies - ANSWER✔✔-In a virtual company the supply chain is the company.
Virtual companies rely on a variety of supplier relationships to provide services on demand. Also known
as hollow corporations or network companies. Adv: specialized management expertise, low capital
investment, flexibility, and speed resulting in efficiency.
Supply chain risk - ANSWER✔✔--supplier failure to deliver
-supplier quality failures
-outsourcing
-logistics delays or damage
-distribution
-information loss or distortion
-political
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