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

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 ...

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 th...

BUAD 331 EXAM 1 QUESTIONS WITH CORRECT DETAILED ANSWERS 2024.

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...

UTK BUAD 331 Exam 1 Questions and Answers Already Passed 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 manage...

BUAD 331 Exam 1 Questions with complete Solutions