Exam (elaborations)
SUPPLY CHAIN MANAGEMENT EXAM 3 QUESTIONS AND ANSWERS
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SUPPLY CHAIN MANAGEMENT EXAM 3 QUESTIONS AND ANSWERS
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1-75 of 75- Background (demographics, economic statistics)
- Business Environment (inflation, interest rates, labor, government regulation,
competition, and legal environment)
- Logistics Infrastructure (transportation, communication, technology, third-party
services)
- Supply Chain Practices and Issues
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, Four steps in the Global Supply Chain Assessment Model
◦ The distinct processes around ordering, delivery, receipt and transfer of raw
materials, subassemblies, products and/or services
◦ The release of purchase orders or scheduling deliveries, receiving, validating and
storage of goods and accepting the invoice from the supplier
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Source activities
A methodology for improving the quality of processes by eliminating errors.
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Six Sigma
- Economic
- Competition
- Technology
- Geography
- Social and Cultural
- Political and Legal
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, Uncontrollable elements that affect supply chains:
- Allows firms to focus on their competitive strengths, and not on operating every
component of the supply chain
- 3PLs are specialists in the services that they provide and usually operate at a lower
cost level than their clients
- 3PLs are a source of local knowledge in markets where they operate
- Employ their own assets which lowers risk and investment needed to operate.
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Advantages of third parties in supply chain operations?
Consists of a large manufacturing company surrounded by numerous small and
subservient suppliers and distributors that keep the operations running smoothly.
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Vertical Keiretsu
- Tax incentive legislation (tax discounts or exemptions for certain regions, firms or
products) that create different levels of taxation for corporations competing or
operating in the same supply chain
- Firms inattentive of tax incentives in countries they operate in find themselves at a
competitive disadvantage.
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