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BUAD 331 FINAL EXAM REVIEW (terms & questions)

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Name the major challenges of Global SCM Risk, raw material scarcity, complex governmental rules and regulations, environmental sustainability, coordination with global partners, cost pressure, local and regional consumer preferences What dimension of the country assessment framework involves the strength of supply chain support business in the region? Competency T/F: Supply chain solutions that work in one region can be repeated as long as you have the technology systems to connect all supply chain partners False Which is not an example of a supply chain disruption for Toyota? A. Toyota enacting a voluntary recall B. The 2011 earthquake that forced Toyota and Honda to stop production C. The truck carrying a small load of Corollas being stolen from a truck stop D. A competitor's sales cause Toyota's forecasted demand to drop D. A competitor's sales cause Toyota's forecasted demand to drop What is the best way to categorize risk? Calculate exposure score using both strategic and financial dimensions Which of the following is not an effective way to develop risk management culture? A. KPIs linked to risk management B. Cross functional governance structure C. Escalate issues of non-compliance D. Connection to commercial leadership C. Escalate issues of non-compliance What are the 4 steps in quantifying risk exposure? Determine the impact of the risk, likelihood of the risk, status of actions taken to reduce the risk, and exposure based on impact, likelihood and preparedness Improving network visibility is a key element of risk management. Which of the following provides an example of this? A. Reducing process variability B. Implementing a Six Sigma methodology C. Giving a high priority to supply chain risk management D. Using information system that provides information about an inventory shortage D. Using information system that provides information about an inventory shortage For which set of products is risk mitigation planning most important? A. High end electronics B. Weaponizable products C. High Value Pharmaceuticals D. All of the above D. All of the above Supply chain management refers to: the management of up and downstream relationships with supplier and customers to deliver superior customer value at less cost to the supply chain as a whole How does supply chain management create value? Form, time, place, exchange What megatrend will greatly challenge supply chain managers? A. Disruptive technology B. Talent/ skills requirements C. Social changes D. All of the above E. None of the above D. All of the above The "Great Divide" in supply chain management occurs between: demand-generating activities and demand-fulfilling activities Should all customers receive the same level of customer service? No What are the 3 segmentations of customers to have total relevant value? Efficiency, Effectiveness, Customization Efficiency relates to______ for customers low cost & willingness to accept less than optimal form, time, and place value in exchange for lower prices Effectiveness relates to______ for customers greater levels or product/service variation Customization relates to______ for customers products, service, or delivery criteria tailored to their needs and preferences The supply chain value proposition framework represents the interactions between: Revenues, costs, and assets ROA (return on assets) = Net Income/ Total Assets Value is created for an organization through effectively influencing and managing what 3 important components? Revenue, costs, and assets Define perfect order concept used to provide a customer focused perspective on supply chain performance measurement Define demand planning the process by which customer demand for upcoming time periods is estimated at appropriate levels of detail to allow the business to make necessary preparations Define supply planning this process takes the demand forecast and plans what materials need to be purchased from suppliers over the coming periods ROI (return on investment) = Net income/ investments Define cash-to- cash cycle a measure of the time is takes for money that is spent creating form, time, and place value to be collected as revenue from customers Cash-to-Cash = (number of days held in inventory + number of days of accounts receivable) - number of days of accounts payable Define acceleration (in terms of cash flow) an ability to capture greater amounts of cash that go to the bottom line of an organization in shorter periods of time

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  • buad 331 final exam review terms questions

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BUAD 331 FINAL EXAM REVIEW (terms &
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