Buad 331 exam 4 stuvia - Study guides, Class notes & Summaries

Logistics Management - ANSWERis the part of SCM that plans, implements, and controls the efficient, effective, forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer requirements Supply Chain Management - ANSWERthe management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to the supply chain as a whole C...

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? 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 To fend off competition from an international competitor D. All of the above - ANSWERAll of the above What is the biggest cause of difficulties in working with another culture? A. Language differences B. Different ways of making decisions and approaching busines...

Patagonia "Cause no unnecessary harm" Example - ANSWER1. Fix sustainability by going deep into the supply chain→ Suppliers 2. Farms supplying down feathers to Patagonia were force feeding Geese to fatten their livers for foie gras 3. Brokers charging migrant workers thousands of dollars for job placement in Taiwan 4. Abuse of sheep in South America Ranches, Wool sold to Patagonia Starbucks "Ethical Sourcing" Example - ANSWER1. Coffee must meet high standards 2. Suppliers must submi...