BUAD 331 Module 8 Questions with complete Solutions!!

Techniques required to shorten lead times in the supply chain enable _________ ____________ to demand. - Answer-greater responsiveness Organizations are trying to ramp up the value they create while __________ _______. - Answer-cutting time Product Life Cycle - Answer-stages from intro to market, initial stages growth, product maturity, to decline stage What are the four stages in the product life cycle? - Answer-introductory, growth, maturity, decline What is the best type of supply chain for introductory and growth stages? - Answer-responsive What is the best type of supply chain for maturity and decline stages? - Answer-lean What are the drivers of time based competition? - Answer-shortening product life cycle, volatile markets, reduced inventory to release holding costs What is the pipeline value management goal? - Answer-to reduce length of supply chain and speed up cycle Supply Chain Order Cycle Time - Answer-summation of all individual cycle times, the time it takes from point of origin to point of consumption Pipeline Management links __________________________ to ____________________________. - Answer-supply chain order cycle times to value requirements of the market Value Added Time - Answer-percent total cycle time a product is actually worked onHow much is the normal VAT for a company? - Answer-5% Nonvalue Added Time - Answer-percent total cycle time product is waiting to have time, form and place value NVAT is often the result of a firm's _______________________. - Answer-self-inflicted rules What is the question that you should ask for pipeline management at every activity in the supply chain? - Answer-Does this activity add value for the customer or add costs? What is the key value of pipeline management performance? - Answer-percent value added time vs total time in supply chain Supply Chain Mapping is used to - Answer-better understand time taken to perform each activity in the supply chain