Buad 331 exam 4 2024 - Study guides, Class notes & Summaries

UTK BUAD 331 EXAM 1 2023/2024 | QUESTIONS AND ANSWERS (100% CORRECT) UTK BUAD 331 EXAM 1 2023/2024 | QUESTIONS AND ANSWERS (100% CORRECT) supply chain - ANSWER-consists of organizations, people, activities, information, and resources involved in moving a product or service from the origins of supply all the way to the point of final consumption. SCM refers to... - ANSWER-components that are closer to the raw materials as being "upstream" and those that occur closer to the customer as be...

Why might a company consider expanding its supply chain internationally? A. To obtain access to lower-cost suppliers B. To take advantage of a skilled labor base in another country C. To support international expansion of sales To fend off competition from an international competitor D. All of the above - ANSWERAll of the above What is the biggest cause of difficulties in working with another culture? A. Language differences B. Different ways of making decisions and approaching busines...

Patagonia "Cause no unnecessary harm" Example - ANSWER1. Fix sustainability by going deep into the supply chain→ Suppliers 2. Farms supplying down feathers to Patagonia were force feeding Geese to fatten their livers for foie gras 3. Brokers charging migrant workers thousands of dollars for job placement in Taiwan 4. Abuse of sheep in South America Ranches, Wool sold to Patagonia Starbucks "Ethical Sourcing" Example - ANSWER1. Coffee must meet high standards 2. Suppliers must submi...

Selectively apply automation to help reduce costs and lower prices at whole foods - ANSWER 1. In class we discussed amazons recent acquisition of whole foods. The strategy that seems the most plausible for amazon is: 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 - ANSWER 3. Two kinds of customers walk into grizzly fly fishing shop: college freshman taking a fir...

What is the process around the interface between the customer demand creation and supply creation of form, time, and place value to fulfill that demand? - ANSWER Order Cycle The difference between the customer's desired order cycle time and the total supply chain order cycle time is known as a.) order cycle time b.) logistics lead time c.) customer delivery cycle d.) lead time gap - ANSWER d.) lead time gap What is the total elapsed time from when the customer first recognizes need to ...