Buad 331 stuvia - Study guides, Class notes & Summaries

Competency - ANSWERWhat dimension of the EPIC assessment framework involves the strength of supply chain support businesses in the region? false - ANSWERSupply chain solutions that work in one region can be repeated as long as you have the technology systems to connect all supply chain partners. D.All of the above - ANSWERWhich of the below are ways that a company can build a more resilient supply chain? A.Educating and training the workforce B.Learning from failure C.Simulating disru...

Which Economic utility is not a reason for students to buy textbooks from Amazon? - ANSWERForm Which of the following is NOT a characteristic of an efficient supply chain? Supply Predicable Demand Maximize performance and minimize cost Generate high turns to minimize inventory Select primarily for speed, flexibility, and quality Select primarily for cost and quality - ANSWERSelect primarily for speed, flexibility, and quality How has Zara utilized a vertically integrated business mode...

You are SC manager at cellphone Inc. and part of your job is to make recommendations on fulfillment techniques for various products. Boss wants to know which products would be most appropriately serviced using lean technique. You tell him... - ANSWERa basic phone with a high volume of predictable customer demand A SC that utilized an agile order fulfillment technique will - ANSWERhold manufacturing until receiving actual customer orders Ted buys 50 gallons of milk and 20 cartons of hot coc...

T/F: Supply chain management has a widely accepted definition that does not vary substantially between countries - ANSWERFalse What type of company will likely work with international supply chains? Large multinational company Regional company Small business All of the above - ANSWERall of the above T/F: Labor laws in the United States are generally seen to be more-friendly to the international worker than those in most other countries. - ANSWERfalse Why might a company consider e...

BUAD 331 Exam 2 Questions and Answers 100% CorrectBUAD 331 Exam 2 Questions and Answers 100% CorrectBUAD 331 Exam 2 Questions and Answers 100% CorrectBUAD 331 Exam 2 Questions and Answers 100% CorrectBUAD 331 Exam 2 Questions and Answers 100% CorrectBUAD 331 Exam 2 Questions and Answers 100% CorrectSourcing 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 - ANSWER-B. False Which of t...

regional economic integration - ANSWERAgreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other Free Trade Area - ANSWERA group of countries committed to removing all barriers to the free flow of goods and services between each other Common external tariff - ANSWERThe policy of customs unions in which the members adopt the same tariffs toward nonmembers ...

Challenges of Global Supply Chains - ANSWER- increased requirements for coordination between partners -cost pressure -high customer expectations -risk of SC disruptions and threats -high levels of material scarcity -different government rules and regulations -environmental concerns and sustainability Ghemawat Perspective - ANSWEReverything is regional, regional supply chain to support regional demand Problem with Ghemawat: - ANSWERgreat unevenness of capabilities in the regions Ex...

Why might a company consider expanding its supply chain internationally? - ANSWERTo 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? - ANSWERDifferent ways of making decisions and approaching business Which supply chain strategy is most popular with companies t...

BUAD 331 Exam 1 Questions and Answers 100% CorrectBUAD 331 Exam 1 Questions and Answers 100% CorrectBUAD 331 Exam 1 Questions and Answers 100% CorrectBUAD 331 Exam 1 Questions and Answers 100% CorrectBUAD 331 Exam 1 Questions and Answers 100% Correct What is a supply chain? - ANSWER-A 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, incre...

Define order cycle time. - ANSWERThe total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled The difference between the customer's desired order cycle time and the total supply chain order cycle time is known as: - ANSWERlead time gap The economic order quantity (EOQ) model aims to: - ANSWERcalculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying costs. If average daily demand for a product is ...