Agile supply chain Study guides, Revision notes & Summaries

BUAD 331 Exam 3 Questions & Answers(Rated A) Define order cycle time. - ANSWERThe total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled The difference between the customer's desired order cycle time and the total supply chain order cycle time is known as: - ANSWERlead time gap The economic order quantity (EOQ) model aims to: - ANSWERcalculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying costs...

BUAD 331- Exam 2 Questions 100% Answered What is one major ISSUE that still exists in a lean fulfillment model: - ANSWERINVENTORY must be held in anticipation of customer orders Assuming company decided to adopt full agile/responsive order fulfillment, which case above would exemplify the costs associated with this strategy? - ANSWERTotal Inventory = Zero Case D In class we discussed 3-dimensional printers. Which of the following is NOT expected to be one of the benefits? - ANSWERReduced...

Which of the following is a primary reason for the accelerated pace of global interaction? a) trade barriers b) cultural differences c) language barriers d) advancements in information technology - correct answer d) advancements in information technology By improving the quality of goods and services produced, the _______ value of products and services is enhanced. a) aesthic b) environmental c) economic d) functional - correct answer d) functional Which of the following is ...

Define order cycle time. - The total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled The difference between the customer's desired order cycle time and the total supply chain order cycle time is known as: - lead time gap The economic order quantity (EOQ) model aims to: - calculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying costs. If average daily demand for a product is 5 units and average l...

Product Life Cycle correct answers -Product Development -Sales Team Promotes samples -pre-production Product Development correct answers The strategic, creative, technical, production and distribution planning of goods having a perceived value. Apparel Supply Chain correct answers A complex network of suppliers, product developers, manufacturers and contractors working together to bring apparel from concept to the consumer. -bypass the middleman and make more profit , changed in the 8...

Agile manufacturing requires: correct answers identifying and focusing on core competencies. partnering with other specialists. The collaborative supply chain fosters permanent partnerships. correct answers False The apparel supply chain is classified as a mature industry. correct answers true In a global marketplace, seasonal merchandise is delivered to retailers at the same time—no matter where they are geographically. correct answers false Signature stores give manufacturers di...

BUAD 331 Exam Questions And Answers (Verified And Updated) Ted is approached by a diving goods supplier who tells him that he can reduce his purchasing price by half with ensured quality due to his lower cost structure resulting from his manufacturing locations in China. Should Ted accept the supplier's offer and why? a.) Yes, cutting the purchase cost by half can provide Ted's products great competitive price in the market. b.) Yes, ensured quality can reduce product defects and hence ...

WGU C706 Secure Software Design Exam / WGU Master's Course C706 - Secure Software Design New 2023 / 2025 Update Questions and Verified Answers 100% Correct Graded A Which due diligence activity for supply chain security should occur in the initiation phase of the software acquisition life cycle? A Developing a request for proposal (RFP) that includes supply chain security risk management B Lessening the risk of disseminating information during disposal C Facilitating knowledge transfer betw...

Define supply chain management. coordinate and integrate all activities performed by supply chain members into a process, from source to the point of consumption, resulting in enhanced customer and economic value Why is it important for supply chain management to understand supply and demand? -it will enable managers to optimize decisions, reduce waste, and respond quickly to sudden change in supply chain Define supply chain agility. operational strategy inducing inventory veloc...

WGU C954 Knowledge Center Information Technology Management – Already Passed critical success factor (CSF) Crucial steps companies perform to achieve their goals and objectives and implement their strategies. support value activities Found along the top of the value chain and includes business processes, such as firm infrastructure, human resource management, technology development, and procurement that support the primary value activities SWOT analysis Strengths, Weakness, Opportunity, Thre...