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BUAD 331 Stank exam review Questions with Verified Answers
BUAD 331 Stank exam review Questions with Verified Answers
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BUAD 331 Stank exam reviewQuestions with Verified Answers
How does Zara use its supply chain capabilities to generate competitive
advantage?
A. Stocking clothing far in advance of sales to ensure in-stock availability.
B. Buying new seasonal clothing lines in bulk to take advantage of volume
discounts from suppliers.
C. Speeding cycle times of new fashions from design to store shelf to ensure
the trendiest fashions.
D. Cycling seasonal clothing trends using long-term predictions of demand to
lower costs for customers. - -C
-Supply chain management refers to:
A. the comprehensive management of networks of suppliers
B. the meaningful integration of service with customer fulfillment
C. the collaboration between operations and suppliers
D. the management of up and downstream relationships with suppliers and
customers to deliver superior customer value at less cost to the supply chain
as a whole.
C. the procurement, movement and storage of product and information flows
through the organization to maximize profit through cost-effective order
fulfillment - -D
-How does supply chain management create value?
A. Form, time, place, exchange
B. Product, price, place, promotion
C. Cost, asset, capacity, integration
D. Responsiveness, productivity, reliability, delivery - -A
-The "Great Divide" in supply chain management occurs between:
A. suppliers and manufacturers
B. demand-generating activities and demand-fulfilling activities
C. sales and marketing activities
D. organizations and their customers - -B
-What megatrend will greatly challenge supply chain managers?
A. Disruptive technology
B. Talent/skills requirements
, C. Social changes
D. All of the above - -D
-Supply chain management refers to a relatively new business phenomenon
of
A. the comprehensive management of networks of suppliers.
B. the meaningful integration of service with customer fulfillment.
C. the collaboration between operations and suppliers.
D. 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.
E. the procurement, movement and storage of product and information flows
through the organization to maximize profit through cost-effective order
fulfillment. - -D
-What part of the Supply Chain Operations Reference (SCOR) model involves
turning the raw material into a finished product?
A. Plan
B. Make
C. Source
D. Deliver - -B
-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.
A. downstream operations, upstream operations
B. upstream operations, downstream operations
C. marginal operations, radical operation - -B
-What negative outcomes can result from large lot-sized, long lead-time
operations?
A. Customers don't want the items.
B. The items are in places and at times customers don't want them.
C. Unsold products are sold at reduced prices or scrapped altogether.
D. All of the above - -D
-____________ the chain facilitates better strategic alignment between supply
chain operations.
A. Breaking
B. Sharing
C. Bending
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