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SCM 303 Final Exam SG Questions and Correct Answers the Latest Update $14.99   Add to cart

Exam (elaborations)

SCM 303 Final Exam SG Questions and Correct Answers the Latest Update

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  • SCM 303

Normally, most organizational objectives can be summarized as: -marketing, management, finance, and operations. -leadership, market share, earnings per share, and return on investment. -survival, growth, financial, and sustainability -profitability, return on investment, liquidity, and sharehol...

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  • November 7, 2024
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  • SCM 303
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SCM 303 Final Exam SG Questions and
Correct Answers the Latest Update
Normally, most organizational objectives can be summarized as:




-marketing, management, finance, and operations.




-leadership, market share, earnings per share, and return on investment.




-survival, growth, financial, and sustainability




-profitability, return on investment, liquidity, and shareholder value.




-growth, maintenance, new products, and asset management.


✓ survival, growth, financial, and sustainability.



Supply strategies that are based on changes in demand and supply are known as:




-assurance-of-supply strategies.




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-risk-management strategies




-cost-reduction strategies.




-environmental-change strategies.




-supply chain support strategies.


✓ assurance-of-supply strategies.



A zero defects quality strategy emphasizes:




-"it is the process, not the people."




-"quality is free."




-"conformance to specification."




-"do it right the first time."




-"six sigma."

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✓ "do it right the first time."



When developing supply strategies, the supply manager must determine:




-what to make or buy




-when to buy




-how much to buy




-how it should be ordered




-what to make or buy, when to buy, how much to buy and how it should be

ordered.


✓ what to make or buy, when to buy, how much to buy and how it should be ordered.



When developing strategies related to "how to buy," decisions must be made

about:




-make or buy




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-size of inventories




-insource or outsource




-systems and processes




-level of quality


✓ systems and processes



Supply strategies that are designed to anticipate and recognize shifts in the

economy, organization, people, legal, government regulations and controls, and

technologies are:




-environmental change strategies.




-change management strategies.




-total cost strategies.




-internal management strategies.


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