100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
logo-home
OM 300 Exam 3 Chilcutt – Questions With Precise Answers (Pass!) $21.99   In winkelwagen

Tentamen (uitwerkingen)

OM 300 Exam 3 Chilcutt – Questions With Precise Answers (Pass!)

 13 keer bekeken  0 keer verkocht
  • Vak
  • OM 300
  • Instelling
  • OM 300

OM 300 Exam 3 Chilcutt – Questions With Precise Answers (Pass!)

Voorbeeld 3 van de 28  pagina's

  • 12 november 2024
  • 28
  • 2024/2025
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden
  • OM 300
  • OM 300
avatar-seller
Studyhall
OM 300 Exam 3 Chilcutt – Questions With Precise
Answers (Pass!)

Activities performed as part of supply chain management Right Ans - 1.
suppliers
2. distributors
3. warehousing and inventory
4. transportation vendors
5. order fulfilment
6. credit and cash transfers
7. accounts payable and receivable
8. sharing customer, forecasting, and production information

Outsourcing Right Ans - -transfers traditional internal activities and
resources of a firm to outside vendors
-utilizes the efficiency that comes with specialization
-firms outsource:
information technology, accounting, legal, logistics, & production

6 sourcing strategies Right Ans - 1. negotiating with many suppliers
2. long-term partnering with few suppliers
3. vertical integration
4. joint ventures
5. Keiretsu
6. virtual companies that use suppliers on an as needed basis

Supply chain Right Ans - the network of activities that deliver a product or
service to the customer.

Activities within the supply chain Right Ans - 1. obtaining raw materials
2. transforming raw materials into basic finished goods
3. further processing of basic finished goods into customized products that are
sold

Supply chain echelon/tiers Right Ans - -the lower the tier level, the closer
the level to the customer

,Objective of supply chain management Right Ans - build a chain of
suppliers that focuses on maximizing value to the ultimate customer

Supply Chain Management Right Ans - The business function that
coordinates all of the network links
-coordinates movement of goods through supply chain from suppliers to
manufacturers to distributors
-promotes information sharing in the supply chain, such as forecasts, sales
data, & promotions

The Supply Chain's Strategic Importance Right Ans - supply chain
management is the integration of the activities that:
-procure materials and services
-transform them into intermediate goods and final products, &
-deliver them through a distribution system

Many Suppliers Right Ans - -Commonly used for commodity products
-Purchasing is typically based on price
-Suppliers compete with one another
-Supplier is responsible for maintaining necessary levels of technology,
expertise, forecasting abilities, as well as cost, quality, and delivery
competencies

Few Suppliers Right Ans - -Buyer forms longer term relationships with
fewer suppliers
-Create value through economies of scale and learning curve improvements
-Suppliers more willing to participate in JIT programs and contribute design
innovations and technological expertise
-Cost of changing suppliers is huge
Trade secrets and other alliances

Vertical Integration Right Ans - -developing the ability to produce goods or
services previously purchased
-integration may be forward, towards the customers, or backwards, towards
suppliers
-can improve cost, quality, and inventory but requires capital, managerial
talent, and demand
-risky in industries with undergoing technological changes

, Joint venture Right Ans - -formal collaborations:
enhance skills, secure supply, & reduce costs
-cooperate without diluting the brand or conceding competitive advantage

Keiretsu Networks Right Ans - -part collaboration, part purchasing from
few suppliers, and part vertical integration
-supplier becomes part of the company coalition
-often provide financial support for suppliers through ownership or loans
-members expect long-term relationships and provide technical expertise and
stable quality production
-may extend through several tiers of the supply chain

Virtual Companies Right Ans - -Rely on a variety of good, stable
relationships to provide services on demand
-Exceptionally lean performance, specialized management expertise, low
capital investment, flexibility, and speed

Supply chain risk Right Ans - -More reliance on supply chains means more
risk
-customer and its suppliers are more dependent on each other as the number
of suppliers used decreases
-risk is compounded by globalization and logistical complexity

Types of risk Right Ans - Traditional Concerns:
-vender reliability
-vendor quality
Concerns Due To Globalization:
-increase shipping times =>less reliable logistics
-tariffs and quotas impacting companies ability to do business
-more complex information flows
-greater political/currency risks

Mitigation Tactic (supplier fails to deliver/supplier with quality problems)
Right Ans - -use multiple suppliers, contract with penalties, subcontractors on
retainer, pre-planning
-improver supplier selection process, require supplier certification, train and
monitor suppliers

Voordelen van het kopen van samenvattingen bij Stuvia op een rij:

√  	Verzekerd van kwaliteit door reviews

√ Verzekerd van kwaliteit door reviews

Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!

Snel en makkelijk kopen

Snel en makkelijk kopen

Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.

Focus op de essentie

Focus op de essentie

Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Studyhall. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor $21.99. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 67163 samenvattingen verkocht

Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen

Start met verkopen
$21.99
  • (0)
  Kopen