OM 300 EXAM 3 -UNIVERSITY OF ALABAMA| COMPREHENSIVE QUESTIONS AND DETAILED VERIFIED SOLUTIONS|GRADED A+|NEWEST 2026/2027 UPDATE!!!!

QUESTIONS AND DETAILED VERIFIED SOLUTIONS|GRADED



Activities performed as as part of supply chain - ANSWER Primary supplier selection

Supply chain inventory

Distribution network

Product design characteristics



Components of supply chain - ANSWER Data

deliverables

durabels

dollars



Six sourcing strategies - ANSWER Many suppliers

Few suppliers

Vertical integration

Joint venture

Keiretsu networks

Virtual companies



Range of supply risks - ANSWER - failure to deliver

- supplier quality failures

- outsourcing

- logistics delays/damage

- distribution

- info loss or distortion



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, - political, economic, or natural disaster

- theft, vandalism, terrorism



How to mitigate supply risks - ANSWER Take over production

have multiple modes of transportation

use effective contracts with penalties

diversify suppliers

have insurance



Opportunities in managing an integrated supply chain - ANSWER Accurate "pull" data

lot size reduction

single-stage control of replenishment

vendor-managed inventory

collaborative planning, forecasting, and replenishment

blanket orders

standardization

postponement

electronic ordering and funds transfer

omnichannel

- drop shipping

-special packaging

block chain



Steps of the supplier selection - ANSWER Supplier evaluation (who and are they good)

Supplier development (how will they integrate)

Negotiation (Cost-based, market-based, bidding)

Contracts (benefits and risks)



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