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Supply chain management refers to: - the management of up 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 companies refers to itself as a "technology company merged with a supply chain"? - Amazon How does supply chain management create value? - Form, time, place, exchange The "Great Divide" in supply chain management occurs between: - demand-generating activities and dema...

Name the major challenges of Global SCM - Correct Answer Risk, raw material scarcity, complex governmental rules and regulations, environmental sustainability, coordination with global partners, cost pressure, local and regional consumer preferences What dimension of the country assessment framework involves the strength of supply chain support business in the region? - Correct Answer Competency T/F: Supply chain solutions that work in one region can be repeated as long as you have the tec...

Name the major challenges of Global SCM - Correct Answer Risk, raw material scarcity, complex governmental rules and regulations, environmental sustainability, coordination with global partners, cost pressure, local and regional consumer preferences What dimension of the country assessment framework involves the strength of supply chain support business in the region? - Correct Answer Competency T/F: Supply chain solutions that work in one region can be repeated as long as you have the tec...

Planning - Correct Answer This involves predicting and forecasting the future demand for a product or service to secure capacity, materials, and talent to fulfill the expected demand in a way that meets a customers expectation. (MOST UPSTREAM) Sourcing - Correct Answer aka procurement activities that involve identifying, acquiring, and managing the goods and services needed to run a business or organization. Inbound Logistics - Correct Answer Involves the management of materials from suppl...

Agility - Correct Answer The firm's ability to quickly adjust tactics and operations within its supply chain to respond or adapt to both positive & negative changes in its environment SCM Agility - Correct Answer Alertness, Accessibility, Decisiveness, Swiftness & Flexibility Key Principles of Metrics - Correct Answer Create the right cross-functional accountability, Establish a driver-based metrics framework, Set appropriate goals, Ensure that metrics cannot be gamed SCM Five Pillars ...

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 - Correct Answer A. 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 custome...

definition: Connecting directly with carefully targeted individual customers to both obtain immediate response and cultivate lasting customer relationships - Correct Answer Direct Marketing What is the fastest growing form of marketing? - Correct Answer Direct marketing -10% of U.S. economy is generated by direct marketing sales What are the forms of direct marketing? - Correct Answer -Direct-mail -Catalog -Telemarketing -mobile phone marketing Definition : Direct marketing throu...

Patagonia "Cause no unnecessary harm" Example - Correct Answer 1. 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 - Correct Answer 1. Coffee must meet high standards 2. Su...

Sampling distribution of a proportion (we know the true population proportion) - Correct Answer 1. Randomization 2. 10% Condition 3. Success/Failure: Use p and q Confidence interval of proportion (we don't know the true population proportion) - Correct Answer 1. Randomization 2. 10% Condition 3. Success/Failure: Use p-hat and q-hat Hypothesis testing of a proportion (we are testing whether we know the true population proportion) - Correct Answer 1. Randomization 2. 10% Condition 3. ...

Why might a company consider expanding its supply chain internationally? - Correct Answer All of the above What is the biggest cause of difficulties in working with another culture? - Correct Answer Different ways of making decisions and approaching business Which supply chain strategy is most popular with companies today? - Correct Answer Regional strategy that groups countries into clusters What is the most common way that countries agree to increase trade? - Correct Answer Through ne...