Supply chain management refers to a relatively new business phenomenon: correct answer: 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
Which of the following is not an element of...
BUAD 331 Exam 1 Questions And Answers
Supply chain management refers to a relatively new business phenomenon: correct answer: 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
Which of the following is not an element of the integrated supply chain for General Mills' Honey Nut Cheerios? correct answer: dairy cow farmers
The "Great Divide" in the supply chain occurs between correct answer: demand-focused activities and supply-focused activities
A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. What is one initiative that could be planned and implemented to achieve this goal? correct answer: offer customized services to key customers
Which economic utilities are associated with supply chain management? correct answer: form, time, and place
Which economic reason is NOT a reason for students to buy textbooks on Amazon.com? correct answer: form
Supply chain management: correct answer: extends the linking and coordination of materials management, manufacturing management and distribution upstream to suppliers and downstream to customers
Logistics/supply chain management is closely ties with marketing as it typically fills which "P"? correct answer: place
The separation between demand-focused activities and supply-
focused activities is sometimes referred to as: correct answer: the Great Divide
Two kinds of customers walk into the Grizzly Fly-Fishing Shop:
college freshmen taking a first-time class and high-end professional executives with fishing experience. In order to deliver the most value to each of these customers, John (the store owner) should: correct answer: focus on creating supply chains that deliver the specific form, time and place utility that each customer segment is looking for, at a price that each segment is willing to pay
Among the following examples, which refers most closely to the
place utility that supply chains provide? correct answer: an Australian grocery store provides food in remote towns
A Wall Street Journal article reports on Delta's recent investment in luggage tracking, switching to baggage tags with radio-frequency ID chips embedded. This will allow the airline to accurately track customers' baggage in real time. Even though
the new technology costs a great deal, Delta could save on fewer
luggage claims and deliveries. What does this example imply? correct answer: companies need to evaluate cost-to-serve versus
perceived benefits
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Classroom. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
