BUAD 331 FINAL EXAM QUESTIONS And ANSWER 100% Correct

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 simultaneously maximizing value and productivity advantages is said to pursue: - ANSWEROptimal customer value True or False: While it is possible for supply chain performance to impact operational areas like cost of sales and inventory, effective supply chain management can also favorably impact revenue generation and customer loyalty. - ANSWERtrue Which supply chain metric is often monitored by senior supply chain executives, as it helps to illustrate the company's operational efficiency as reflected in payments coming into the company relative to payments leaving the company? - ANSWERCash-to-cash cycle The "Great Divide" in supply chain management occurs between: - ANSWERdemand-generating activities and demand-fulfilling activities What process converts capacity plans into operational plans and demand forecasts into demand plans? - ANSWERDemand/Supply Integration "Bending the chain" suggests: - ANSWERIntegrating the source-make-deliver functions into a unified whole True or False: Ensuring that all customers receive the same levels of service is essential to the tailored customer value strategy. - ANSWERfalse True or False: Most businesses understand where they make money and lose money on a customer-by-customer basis with a high level of precision. - ANSWERfalse Of the five basic modes of transportation, which one is fastest but quite limited in terms of dependability and load capability? - ANSWERair What