BUAD 331 EXAM 1 QUESTIONS WITH VERIFIED
ACCURATE ANSWERS
How does Zara use its supply chain capabilities to generate competitive advantage?
Stocking clothing far in advance of sales to ensure in-stock availability.
Buying new seasonal clothing lines in bulk to take advantage of volume discounts from
suppliers.
Speeding cycle times of new fashions from design to store shelf to ensure the trendiest
fashions.
Cycling seasonal clothing trends using long-term predictions of demand to lower costs
for customers. - Answers -Speeding cycle times of new fashions from design to store
shelf to ensure the trendiest fashions.
Supply chain management refers to:
the comprehensive management of networks of suppliers
the meaningful integration of service with customer fulfillment
the collaboration between operations and suppliers
the management of up and downstream relationships with suppliers and customers to
deliver superior customer value at less cost to the supply chain as a whole.
the procurement, movement and storage of product and information flows through the
organization to maximize profit through cost-effective order fulfillment - Answers -the
management of up and downstream relationships with suppliers and 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"?
Amazon
Sears
Target
CVS - Answers -Amazon
How does supply chain management create value?
, Form, time, place, exchange
Product, price, place, promotion
Cost, asset, capacity, integration
Responsiveness, productivity, reliability, delivery - Answers -Form, time, place,
exchange
The "Great Divide" in supply chain management occurs between:
suppliers and manufacturers
demand-generating activities and demand-fulfilling activities
sales and marketing activities
organizations and their customers - Answers -demand-generating activities and
demand-fulfilling activities
What megatrend will greatly challenge supply chain managers?
Disruptive technology
Talent/skills requirements
Social changes
All of the above
None of the above - Answers -All of the above
What is the main problem with the traditional order process?
Activities are parallel and integrated through many functions.
Activities are sequential and thrown "over the wall" to the downstream functional area.
Activities are hard to complete.
Activities are circular and have to be repeated.
Activities create a positive physical work environment for employees. - Answers -
Activities are sequential and thrown "over the wall" to the downstream functional area.
What part of the Supply Chain Operations Reference (SCOR) model involves turning
the raw material into a finished product?
Plan
Make
Source
Deliver - Answers -Make
ACCURATE ANSWERS
How does Zara use its supply chain capabilities to generate competitive advantage?
Stocking clothing far in advance of sales to ensure in-stock availability.
Buying new seasonal clothing lines in bulk to take advantage of volume discounts from
suppliers.
Speeding cycle times of new fashions from design to store shelf to ensure the trendiest
fashions.
Cycling seasonal clothing trends using long-term predictions of demand to lower costs
for customers. - Answers -Speeding cycle times of new fashions from design to store
shelf to ensure the trendiest fashions.
Supply chain management refers to:
the comprehensive management of networks of suppliers
the meaningful integration of service with customer fulfillment
the collaboration between operations and suppliers
the management of up and downstream relationships with suppliers and customers to
deliver superior customer value at less cost to the supply chain as a whole.
the procurement, movement and storage of product and information flows through the
organization to maximize profit through cost-effective order fulfillment - Answers -the
management of up and downstream relationships with suppliers and 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"?
Amazon
Sears
Target
CVS - Answers -Amazon
How does supply chain management create value?
, Form, time, place, exchange
Product, price, place, promotion
Cost, asset, capacity, integration
Responsiveness, productivity, reliability, delivery - Answers -Form, time, place,
exchange
The "Great Divide" in supply chain management occurs between:
suppliers and manufacturers
demand-generating activities and demand-fulfilling activities
sales and marketing activities
organizations and their customers - Answers -demand-generating activities and
demand-fulfilling activities
What megatrend will greatly challenge supply chain managers?
Disruptive technology
Talent/skills requirements
Social changes
All of the above
None of the above - Answers -All of the above
What is the main problem with the traditional order process?
Activities are parallel and integrated through many functions.
Activities are sequential and thrown "over the wall" to the downstream functional area.
Activities are hard to complete.
Activities are circular and have to be repeated.
Activities create a positive physical work environment for employees. - Answers -
Activities are sequential and thrown "over the wall" to the downstream functional area.
What part of the Supply Chain Operations Reference (SCOR) model involves turning
the raw material into a finished product?
Plan
Make
Source
Deliver - Answers -Make
