Buad 331 exam 1 - Study guides, Class notes & Summaries

BUAD 331 Exam 1 Questions and Answers 2024.

BUAD 331 EXAM 1 QUESTIONS WITH CORRECT DETAILED ANSWERS 2024

Supply Chain Management refers to: A. The comprehensive management of networks of suppliers B. The meaningful integration of service with customer fulfillment C. The collaboration between operations and suppliers D. 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 E. The procurement, movement, and storage of product and information flows through the organization to maximize profit...

UTK BUAD 331 EXAM 1 (knowledge checks and module exams)How does Zara use its supply chain capabilities to generate competitive advantage? - correct answer Speeding cycle times of new fashions from design to store shelf to ensure the trendiest fashions. Supply chain management refers to: - correct answer the integrated management of business functions within and across organizations Which of the following companies refers to itself as a "technology company merged with a supply chain"? - c...

BUAD 331 Exam 1 Questions & Answers (Graded A) What is a supply chain? - ANSWERA supply chain consists of the organizations, people, activities, information, and resources involved in moving a product or service from the origins of supply all the way to point of final consumption, and, increasingly, re-entering material that was not consumed back into the supply chain for reuse or recycling. How long have supply chains been around? - ANSWERThey have been in existence for many centuries,...

What is a supply chain? - ANSWERA supply chain consists of the organizations, people, activities, information, and resources involved in moving a product or service from the origins of supply all the way to point of final consumption, and, increasingly, re-entering material that was not consumed back into the supply chain for reuse or recycling. How long have supply chains been around? - ANSWERThey have been in existence for many centuries, although the term "supply chain" was not commonpla...

BUAD 331 EXAM 1 QUESTIONS WITH CORRECT DETAILED ANSWERS 2024.

The three classifications of supply chain value desired by customers are: - Answer-Form, time, and place The optimal way for supply chains management to contribute to competitive advantage is through: - Answer-Being the leader in both cost and form/time/place value creation Which function of the supply chain is considered to be the most "upstream"? - Answer-The identification, acquisition, and management of the goods and services needed to run a business. Which function of the supply ...

BUAD 331 Exam 1 Study Guide Lead Gap Time - correct answer Supply Chain Lead Time - Customer's Order Cycle Time Supply Chain Lead Time - correct answer procurement, manufacturing, and delivery of order Customer's Order Cycle Time - correct answer Time that the customer is prepared to wait on order In conventional organizations, what is the only way to close the time gap? - correct answer To attempt to forecast the market's requirements and carry just-in-case- inventory A reductio...