Mgt 8803 supply chain Study guides, Class notes & Summaries

MGT 8803 - Supply Chain Exam Latest Update...

MGT 8803 SUPPLY CHAIN EXAM QUESTIONS AND ANSWERS 100% PASS Strategy can be best described as the goal directed actions to gain and sustain ___? - high performance in advancing industry capabilities - superior performance in the markets in which the firm operates - long term financial profits and economic viability - operational improvements and product advancements - the earth's environment and the well-being of the communities in which the firm operates superior performance in the market...

What is the focus of operations and supply chain management? - To develop capabilities to design, produce and deliver products and services in a competitive market What are the capabilities that drive performance? - 1. Product and services features 2. Costs 3. Quality 4. Time to market 5. Ability to innovate

Strategy can be best described as the goal directed actions to gain and sustain ___? - high performance in advancing industry capabilities - superior performance in the markets in which the firm operates - long term financial profits and economic viability - operational improvements and product advancements - the earth's environment and the well-being of the communities in which the firm operates - superior performance in the markets in which the firm operates

Which of the following product characteristics are more conducive to a Responsive Supply chain? Select all that apply. High Demand uncertainty High profit margins Which of the following product characteristics are more conducive to an Efficient Supply chain? Select all that apply predictable/stable demand low demand uncertainty low profit margins

Poor Supply Chain Consequence - Loss of Productivity Poor Supply Chain Consequence - Customer Complaints Poor Supply Chain Consequence - Increased costs (expediting) Poor Supply Chain Consequence - Loss of Revenue Poor Supply Chain Consequence - Damage to brand Long Term Decision - Supply Chain Strategy, Competitive

Long Term Decisions - strategic, competitive -network configuration -supply chain model -outsourcing -vertical integration (become own supplier) Medium Term Decisions - Tactical, planning -lean -Sales & operations planning -inventory management

Responsive Supply Chain - focus on flexibility and responsive service and are able to react quickly to changing market demand and requirements; focus on flexible production and meeting changing needs of customers Efficient Supply chain - utilize strategies aimed at creating the highest cost efficiency; all about keeping costs as low as possible through high utilization, high repetition, and a high level of standardization.

MGT8803 Supply Chain Exam SPRING 2022 - All Answers are Correct

Length of Term and Description of Supply Chain Strategy - Long, Competitive Length of Term and Description of Supply Chain Operations Planning - Medium, Tactical Length of Term and Description of Supply Chain Execution - Short, Operational Examples of Long Term Supply Chain Decisions - Network Configuration, Supply Chain Model, Outsourcing, Vertical Integration