Buad 331 final stuvia - Study guides, Class notes & Summaries

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 - ANSWERE. All of the above What dimension of the country assessment framework involves the strength of supply chain support businesses in the region?A.Competency B.Economy C.Politic...

Paradigm Change for business competition - ANSWERForm, time, place, exchange --> Creating value Porter Chain Value - ANSWERInbound logistics, operations, outbound logistics, sales, service (primary activities) -Supplier base--> Integrated enterprise --> market/ distribution network Integrated Supply Chain Management - ANSWERTraditional business coordination with particular organization within the supply chain for purposes of improving long term performances of individual enterpri...

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...

Why might a company consider expanding its supply chain internationally? 1) To obtain access to lower-cost suppliers 2) To take advantage of a skilled labor base in another country 3) To support international expansion of sales 4) To fend off competition from an international competitor 5) All of the above - ANSWERall of the above What is the biggest cause of difficulties in working with another culture? 1) Language differences 2) Different ways of making decisions and approaching ...

How does Zara use its supply chain capabilities to generate competitive advantage? - ANSWERspeeding cycle times of new fashions from design to store shelf to ensure the trendiest fashions SCM refers to a relatively new business phenomenon of: - ANSWERthe management of up + downstream relationships with suppliers + 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...

what statement best describes what a supply chain is? - ANSWERA complex network of companies that works together to provide a good or service for the end-use customer According to the University of Tennessee's concept of the Integrated Supply Chain, what lies at the center of the effort? - ANSWERthe customer experience Which economic utilities are associated with supply chain management? - ANSWERForm, Time, and Place A company that seeks to achieve competitive advantage by simultaneous...

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 - ANSWERE. All of the above What dimension of the country assessment framework involves the strength of supply chain support businesses in the region?A.Competency B.Economy C.Politic...

Ways Organizations Create Value - ANSWEROrganizations create value by shaping the product (form utility), delivering it at the right time (time utility), and placing it where it's needed (place utility). Cost Leadership - ANSWERProviding products or services at the lowest cost. Differentiation - ANSWEROffering unique and high-quality products. Responsiveness - ANSWERQuickly adapting to changes in demand and customer needs. ROA Definition - ANSWERReturn on Assets is a financial metri...

b. Selectively apply automation to help reduce costs and lower prices at whole foods - ANSWER1. In class we discussed amazons recent acquisition of whole foods. The strategy that seems the most plausible for amazon is: 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 - ANSWER3. Two kinds of customers walk into grizzly fly fishing shop: college freshman taking a first...

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...