Buad 331 stuvia Study guides, Class notes & Summaries

Why might a company consider expanding its supply chain internationally? - ANSWERAll of the above: Lower cost supplier, skilled labor, international expansion, fend off competition 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 countr...

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 supply chain internationally? - Answer All 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? - Answer Different ways of making decisions and approaching business Which supply chain strategy is most popular...

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 being "downstream." supply chain management - Answer is the systematic coordination of traditional business functions within a particular o...

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...

Which of the following is not a technique for fulfilling customer orders? A. Supply cycle time B. Anticipate form, time, and place C. Full Postponement D. Make to stock, postpone time/place - ANSWERA. Supply cycle time Define order cycle time. A. The total cost of ownership combined with the customer value of a product B. The total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled C. The total elapsed time from when the customer first o...

UTK BUAD 331 EXAM 1 2023/2024 QUESTIONS AND ANSWERS 100% CORRECTUTK BUAD 331 EXAM 1 2023/2024 QUESTIONS AND ANSWERS 100% CORRECTUTK BUAD 331 EXAM 1 2023/2024 QUESTIONS AND ANSWERS 100% CORRECTUTK BUAD 331 EXAM 1 2023/2024 QUESTIONS AND ANSWERS 100% CORRECTsupply 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-compo...

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 D) to fend off competition from an international competitor E) all of the above - ANSWERE) all 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 b...