SCM 361 final questions and answers latest top score.

SCM 361 final questions and answers latest top score. 5 C's of global supply chain design - correct tibility configuration coordination control continuity/contingency Compatibility - correct answers.Match country's advantage with the firm's strategy Configuration - correct answers.Where in the world to locate value-added activities Coordination - correct answers.How to connect geographically dispersed activities to work together to create value control - correct answers.How to execute to obtain and sustain outstanding value creation Continuity/contingency - correct e that essential activities can continue during and after a disaster. Impacts of supply chain disruptions (numbers) - correct answers.7% share price reductions 10% drop in operating incomes 11% increase in costs lack of proactive SCM 80% firms concerned 40% of manufacturers have been impacted by a supply chain disruption in the last 12 months Drivers of global supply chain risks - correct answers.-Lack of visibility to outsourced operations -Additional tiers of partners -Fragmented business processes -Lack of shared performance metrics -Delayed response to sudden changes -Long supply chains Strategies combat supply chain risk - correct answers.Sharing POS (point of sale) data in real-time Sharing WIP data to get ahead of lead-times Initiating CPFR (collaborative planning, forecasting, replenishment) with all strategic supplier Sharing financials Joint discussions on regulation and compliance Global Product - correct answers.A commercial product, such as Coca Cola, that is marketed throughout the world under the same brand name. These are different from regional products or brands, which are specific to a particular region. Localize a product - correct ation of a product, application or document content to meet the language, cultural and other requirements of a specific target market. example: McDonald's in India: No beef, due to religious practices Logistics infrastructure in India - correct answers.Big cities are more advanced than the smaller and rural areas of the country Electricity is not reliable Airports are not large enough to accommodate travelers Roads are small and slow moving Cows roam freely Container ship Ports are inefficient and have slow turn around 7 rights of purchasing - correct answers.1. right Material 2. right Quantity 3. right Time 4. delivery to the right Place 5. right Supplier (most important!!) 6. right Service 7. right Price Most important right of purchasing - correct answers.Right Supplier Return on Assets (ROA) - correct answers.Effect of effective global purchasing touches both the income statement as well as the balance sheet -how profitable a company is relative to its total assets Profit leverage effect - correct answers.-the amount of extra sales dollars needed to have the same impact of $1 saved by Purchasing's cost-cutting efforts -(impact of cost savings to sales equivalent required to have the same impact in profit) -$1 saved by Purchasing is an additional $1 operating profit. An additional $1 increased sales only increases profit by the operating profit percentage. Trends in global sourcing - correct answers.-A larger portion of purchase dollars are spent globally. -More subassemblies & finished goods are sourced globally. -Lower price is the #1 reason companies begin global sourcing. -Quality & technology promote continued global sourcing. -JIT & logistics support are the greatest challenges to success. -Management support & relationships are key success factors 5 Levels of Globalness - correct answers.1. Domestic Sourcing 2. Reactive International Sourcing 3. Strategic International Sourcing 4. Coordinated Global Sourcing 5. SC Global Sourcing