Buad 331 final stuvia - Study guides, Class notes & Summaries

Why might a company consider expanding its supply chain internationally? - ANSWERAll of the above (To obtain access to lower-cost suppliers To take advantage of a skilled labor base in another country To support international expansion of sales To fend off competition from an international competitor) What is the biggest cause of difficulties in working with another culture? - ANSWERDifferent ways of making decisions and approaching business Which supply chain strategy is most popular w...

Competency - ANSWERWhat dimension of the EPIC assessment framework involves the strength of supply chain support businesses in the region? false - ANSWERSupply chain solutions that work in one region can be repeated as long as you have the technology systems to connect all supply chain partners. D.All of the above - ANSWERWhich of the below are ways that a company can build a more resilient supply chain? A.Educating and training the workforce B.Learning from failure C.Simulating disru...

Which Economic utility is not a reason for students to buy textbooks from Amazon? - ANSWERForm Which of the following is NOT a characteristic of an efficient supply chain? Supply Predicable Demand Maximize performance and minimize cost Generate high turns to minimize inventory Select primarily for speed, flexibility, and quality Select primarily for cost and quality - ANSWERSelect primarily for speed, flexibility, and quality How has Zara utilized a vertically integrated business mode...

T/F: Supply chain management has a widely accepted definition that does not vary substantially between countries - ANSWERFalse What type of company will likely work with international supply chains? Large multinational company Regional company Small business All of the above - ANSWERall of the above T/F: Labor laws in the United States are generally seen to be more-friendly to the international worker than those in most other countries. - ANSWERfalse Why might a company consider e...

regional economic integration - ANSWERAgreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other Free Trade Area - ANSWERA group of countries committed to removing all barriers to the free flow of goods and services between each other Common external tariff - ANSWERThe policy of customs unions in which the members adopt the same tariffs toward nonmembers ...

Why might a company consider expanding its supply chain internationally? - ANSWERTo obtain access to lower-cost suppliers; To take advantage of a skilled labor base in another country; To support international expansion of sales; To fend off competition from an international competitor What is the biggest cause of difficulties in working with another culture? - ANSWERDifferent ways of making decisions and approaching business Which supply chain strategy is most popular with companies t...

How can purchasing add value to an organization? A. By ensuring an uninterrupted flow of materials or services B. By reducing the total cost of products C. By collaborating with other areas such as logistics on supplier location decisions. D. By increasing revenue through supplier innovation and new product launch E. All of the above - ANSWERAll of the above Manufacturing and service operations are primarily about creating which form of utitly? Form Time Place Electric - ANSWERForm ...

Why might a company consider expanding its supply chain internationally? - ANSWERAll of the above What is the biggest cause of difficulties in working with another culture? - ANSWERDifferent ways of making decisions and approaching business Which supply chain strategy is most popular with companies today? - ANSWERRegional strategy that groups countries into clusters What is the most common way that countries agree to increase trade? - ANSWERThrough negotiating bilateral or multilateral ...

Why might a company consider expanding its supplier chain internationally? -To obtain access to lower-cost suppliers -To take advantage of a skilled base in another country -To support international expansion of sales -To fend off competition from an international competitor - ANSWERAll of the above What is the biggest cause of difficulties in working with another culture? - ANSWERDifferent ways of making decisions and approaching business Which supply chain strategy is most popular wi...

What Events can result in a supply chain disruption? Natural disasters like floods Supplier bankruptcy Plant fire at a supplier All the above - ANSWERAll of the above Which of the following was not discussed as examples of disruption impacts? - ANSWERManagement stress and turnover A strike has just occurred at a key supplier. Which phase is the firm most likely dealing with? - ANSWERPre due date phase When determining the potential for the likelihood of a particular event, a manager...