BUAD 331 final exam kc Questions & Answers(RATED A)

How does Zara use its supply chain capabilities to generate competitive advantage? - ANSWERspeeding cycle times of new fashions from design to store shelf to ensure the trendiest fashions SCM refers to a relatively new business phenomenon of: - ANSWERthe management of up + downstream relationships with suppliers + customers to deliver superior customer value at less cost to the supply chain as a whole Which of the following companies refers to itself as a "technology company merged with a supply chain"? - ANSWERAmazon How does supply chain management create value? - ANSWERform, time, place, exchange What megatrend will greatly challenge supply chain managers? - ANSWERdisruptive technologies, talent/skills requirements, + social changes The "Great Divide" in supply chain management occurs between: - ANSWERdemand-generating activities + demand-fulfilling activities What part of the Supply Chain Operations Reference (SCOR) model involves turning the raw material into a finished product? - ANSWERmake In relation to the overall supply chain, ____ place a priority on cost savings while ____ place a priority on doing whatever is necessary to deliver form, time, + place as promised on a specific order - ANSWERupstream operations; downstream operations What negative outcomes can result from large lot-sized, long lead-time operations? - ANSWERcustomers don't want the items, the items are in places + at times customers don't want them, + unsold products are sold at reduced prices or scrapped altogether ____ the chain facilitates better strategic alignment between supply chain operations - ANSWERbending What did Caterpillar do in 2013 that led to a better integration of its supply chain functions? - ANSWERformed an integrated supply chain group to manage its supply chain What is a metric for a senior level supply chain manager? - ANSWERcash-to-cash cycle What