Optimal customer value - Study guides, Class notes & Summaries

BUAD 331 UTK FINAL EXAM QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 | 100% VERIFIED. Focus on creating supply chains that deliver the specific form, time and place utility that each customer segment is looking for, at a price that each segment is willing to pay - ANSWER 3. Two kinds of customers walk into grizzly fly fishing shop: college freshman taking a first time class and high end professionals with fishing experience, in order to deliver most value to each of these customers, john s...

WPC 470 Final Exam Questions With Correct Answers Wallingford Company is trying to determine optimal ways to collect and distribute knowledge throughout the firm. This is an activity for which support function in the value chain? a.Human resources b.Finance c.Management information systems d.Distribution - ANSWER Management Information Systems Vendors across the country offer sunglasses that look virtually identical to those made by Chanel, Prada, Gucci, and o...

BUAD 331 UTK FINAL EXAM QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 | 100% SOLVED. Focus on creating supply chains that deliver the specific form, time and place utility that each customer segment is looking for, at a price that each segment is willing to pay - ANSWER 3. Two kinds of customers walk into grizzly fly fishing shop: college freshman taking a first time class and high end professionals with fishing experience, in order to deliver most value to each of these customers, john sho...

fact - Answer-the confirmation or validation of an event or object information age - Answer-the present time, during which infinite quantities of facts are widely available to anyone who can use a computer internet of things - Answer-a world where interconnected, internet-enabled devices or "things" can collect & share data without human intervention machine to machine (M2M) - Answer-devices that connect directly to other devices data - Answer-raw facts that describe the characteristics ...

Name the major challenges of Global SCM - ANSWERRisk, 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? - ANSWERCompetency T/F: Supply chain solutions that work in one region can be repeated as long as you have the technology systems to...

Cost - Materials, Energy, Wages, Transportation, Rent Quality - Design, Reliability, Consistency, Materials, Fabrics Speed - Delivery, On-Time, Innovation Time Flexibility - Customization, Size of Order, Design Competitive Priorities - Cost, Quality, Speed, Flexibility Productivity: - The ratio of outputs [What did I make?] to inputs [What was the cost?]. (Organizational Perspective) Value: - The ratio of "output purchased" divided by "inputs used to purchased" the product ...

BUAD 331 EXAM 3 QUESTIONS AND ANSWERS LATEST UPDATED 2024/2025 | 100% CORRECT. 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 ...

Revenue Management - ️️Also Known as Yield Management An essential instrument for matching supply and demand by dividing customers into different segments based on their purchase intentions and allocating capacity to different segments in a way that maximizes a particular's facility's revenues. The constellation of tools and actions dedicated toward the achievement of an optimal level of the hotels net revenues and gross operating profit 7 key point of Revenue Management - ️️1...

Types of SAP conversions a. Brownfield (conversions from ECC SAP 6.0) b. Greenfield (clients in earlier versions or non-SAP systems), small to mid-size companies mostly Types of Implementation a) On-Premise (on-prem) b) Any Cloud c) SAP Private Cloud d) SAP Public Cloud On-Premise (on-prem) Implementation - client owns and manages hardware (servers, network) and software. Longest time to implement, highest cost, most flexibility. Any Cloud Implementation - client doesn't own hardware...

SCM Contributes to value creation: - ANSWERIn its most basic form, a business makes a promise to customers that it will fulfill a need by providing a good or service, and then it delivers on that promise. Business organizations provide value only when they identify demand and fulfill that demand by providing a good or service. These three types of value involve fulfilling a customer need - ANSWER(1) with the right form (2) at the right time (3) at the right place—essentially, the role pla...