Buad 331 - Study guides, Class notes & Summaries

BUAD 331 EXAM 1 QUESTIONS AND ANSWERS LATEST UPDATED 2024/2025 | 100% SOLVED. 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...

BUAD 331 UTK Final Exam Questions And Answers All Verified 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 - ANS E. All of the above What dimension of the country assessment framework involves the strength of supply chain s...

BUAD 331 Exam 2 Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False - correct answer B. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources - correct answer B. Customers When purchasing and supply management works well within an organization, the company acqu...

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 - 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 customer first ...

BUAD 331 FINAL EXAM REVIEW (Terms & Questions) With Complete Solutions Name the major challenges of Global SCM 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? Competency T/F: Supply chain solutions that work in one region...

BUAD 331 EXAM 3 WITH COMPLETE QUESTIONS AND ANSWERS 2024. 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 el...

BUAD 331 Supply Chain Exam 2Key factors for ensuring that products flow in a synchronous, coordinated fashion through the supply chain include: - correct answer Information sharing and process synchronization What is one benefit of buyer-seller collaboration in synchronized supply chain? - correct answer Demand information is captured and communicated in near real-time Which of the following is FALSE concerning "Quick Response" and "Vendor Managed Inventory" techniques? - correct answe...

BUAD 331 EXAM 3 WITH COMPLETE QUESTIONS AND ANSWERS 2024. 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 el...

BUAD 331 Exam 1 (UTK - Stank - Fall 2023) – Qs & As

BUAD 331 Final ExamWhy 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 - correct answer E. All of the above What dimension of the country assessment framework involves the strength of supply chain support businesses in the region?A.Comp...