BUAD 331 TEST QUESTIONS WITH CORRECT DETAILED ANSWERS GRADED A+
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Course
BUAD 331
Institution
BUAD 331
BUAD 331 TEST QUESTIONS WITH CORRECT DETAILED ANSWERS GRADED A+
pre-disruption phase - Answer-the period of time where there are signs or signals of a disruption that may occur in the future
pre-due date phase - Answer-the period of time in which the disruption has occurred and when the affect...
BUAD 331 TEST QUESTIONS WITH
CORRECT DETAILED ANSWERS
GRADED A+
pre-disruption phase - Answer-the period of time where there are signs or signals of a
disruption that may occur in the future
pre-due date phase - Answer-the period of time in which the disruption has occurred
and when the affected product is due at the next point in the chain. The pre-due date
phase can occur on the inbound or outbound side of the facility
buffer phase - Answer-the period of time that is enabled by existing inventory and safety
stocks
domino phase - Answer-disruptions shut down processes and expand their impact. This
can result in other types of disruptions in the supply chain
Supply chain risk - Answer-the probability of a disruption multiplied by the consequence
of the disruption
Supply chain density - Answer-the geographical spacing of supply chain network
locations (i.e., how close the sources of supply are)
butterfly effect - Answer-the far-ranging or even global impact of a small change in a
specific location, over both time and distance
resiliency - Answer-the capacity to resist and recover quickly from disruptive events
continuity - Answer-the absence of disruption
aim of supply chain risk management - Answer-build continuity and resiliency into the
supply chain
Warning capabilities - Answer-post-disruption capacity to develop resiliency and
continuity
Mitigation capabilities - Answer-recovery mechanisms that lessen the impact of the
disruptions prior to their occurrence
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