UTK BUAD 331 EXAM 1 QUESTIONS WITH VERIFIED
ACCURATE ANSWERS
How does Zara use its supply chain capabilities to generate competitive advantage? -
Answers -Speeding cycle times of new fashions from design to store shelf to ensure the
trendiest fashions.
Supply chain management refers to: - Answers -the integrated management of
business functions within and across organizations
Which of the following companies refers to itself as a "technology company merged with
a supply chain"? - Answers -Amazon
How does supply chain management create value? - Answers -Form, time, place
The "Great Divide" in supply chain management occurs between: - Answers -demand-
generating activities and demand-fulfilling activities
What megatrend will greatly challenge supply chain managers? - Answers -All of the
above
Supply chain management refers to a relatively new business phenomenon: - Answers
-The management of upstream 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 is not an element of the integrated supply chain for General Mills'
Honey Nut Cheerios? - Answers -Dairy cow farmers
A firm is a recognized cost leader but has a strategic goal to become a cost and service
leader. What is one initiative that could be planned and implemented to achieve this
goal? - Answers -Offer customized services to key customers.
Which economic reason is NOT a reason for students to buy textbooks on
Amazon.com? - Answers -Form
Supply chain management: - Answers -extends the linking and coordination of
materials management, manufacturing management and distribution upstream to
suppliers and downstream to customers.
Logistics/supply chain management is closely tied with marketing as it typically fills
which "P"? - Answers -Place
, Two kinds of customers walk into the Grizzly Fly-Fishing Shop: college freshmen taking
a first-time class and high-end professional executives with fishing experience. In order
to deliver the most value to each of these customers, John (the store owner) should: -
Answers -focus on creating supply chains that deliver the specific form, time and place
utility that each customer segment is looking for, at a price that each segment is willing
to pay.
Among the following examples, which refers most closely to the place utility that supply
chains provide? - Answers -An Australian grocery store provides food in remote towns.
A Wall Street Journal article reports on Delta's recent investment in luggage tracking,
switching to baggage tags with radio-frequency ID chips embedded. This will allow the
airline to accurately track customers' baggage in real time. Even though the new
technology costs a great deal, Delta could save on fewer luggage claims and deliveries.
What does this example imply? - Answers -Companies need to evaluate cost-to-serve
versus perceived benefits.
Firms have been talking about "the Great Divide" as one of their biggest challenges.
Among the following approaches, which would NOT help a business deal with the great
divide? - Answers -Creating a production-oriented focus across the supply chain.
One way to think about the proper role of the supply chain in the firm is the following: -
Answers -Delivering on the promise made to customers
Which of the following utility does General Mills provide when it uses food ingredients to
make Honey Nut Cheerios? - Answers -Form
You've finally graduated and are in the job market. In an interview with Widget
Production Company, you start discussing supply chain management with the hiring
manager. He tells you that at WPC, logistics and supply chain management basically
mean the same thing. This should indicate to you that: - Answers -WPC probably does
not have a clear conception of supply chain management, because SCM is about
systematic integration across multiple functions, including purchasing, manufacturing
and logistics.
It is said today that marketing is responsible for identifying profitable demand and
creating products to incent customers to buy, while supply chain management's role is
to: - Answers -satisfy demand by putting the product in customers' hands at the right
time, right place, right quantity, and right price.
In the Fiji water example, what key time and place challenge does Fiji bear compared to
Dasani? - Answers -Fiji only has one source, while Dasani has many
Supply chain management must demonstrate how improved value contributes to
improvements in financial performance. What are three major ways supply chain
ACCURATE ANSWERS
How does Zara use its supply chain capabilities to generate competitive advantage? -
Answers -Speeding cycle times of new fashions from design to store shelf to ensure the
trendiest fashions.
Supply chain management refers to: - Answers -the integrated management of
business functions within and across organizations
Which of the following companies refers to itself as a "technology company merged with
a supply chain"? - Answers -Amazon
How does supply chain management create value? - Answers -Form, time, place
The "Great Divide" in supply chain management occurs between: - Answers -demand-
generating activities and demand-fulfilling activities
What megatrend will greatly challenge supply chain managers? - Answers -All of the
above
Supply chain management refers to a relatively new business phenomenon: - Answers
-The management of upstream 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 is not an element of the integrated supply chain for General Mills'
Honey Nut Cheerios? - Answers -Dairy cow farmers
A firm is a recognized cost leader but has a strategic goal to become a cost and service
leader. What is one initiative that could be planned and implemented to achieve this
goal? - Answers -Offer customized services to key customers.
Which economic reason is NOT a reason for students to buy textbooks on
Amazon.com? - Answers -Form
Supply chain management: - Answers -extends the linking and coordination of
materials management, manufacturing management and distribution upstream to
suppliers and downstream to customers.
Logistics/supply chain management is closely tied with marketing as it typically fills
which "P"? - Answers -Place
, Two kinds of customers walk into the Grizzly Fly-Fishing Shop: college freshmen taking
a first-time class and high-end professional executives with fishing experience. In order
to deliver the most value to each of these customers, John (the store owner) should: -
Answers -focus on creating supply chains that deliver the specific form, time and place
utility that each customer segment is looking for, at a price that each segment is willing
to pay.
Among the following examples, which refers most closely to the place utility that supply
chains provide? - Answers -An Australian grocery store provides food in remote towns.
A Wall Street Journal article reports on Delta's recent investment in luggage tracking,
switching to baggage tags with radio-frequency ID chips embedded. This will allow the
airline to accurately track customers' baggage in real time. Even though the new
technology costs a great deal, Delta could save on fewer luggage claims and deliveries.
What does this example imply? - Answers -Companies need to evaluate cost-to-serve
versus perceived benefits.
Firms have been talking about "the Great Divide" as one of their biggest challenges.
Among the following approaches, which would NOT help a business deal with the great
divide? - Answers -Creating a production-oriented focus across the supply chain.
One way to think about the proper role of the supply chain in the firm is the following: -
Answers -Delivering on the promise made to customers
Which of the following utility does General Mills provide when it uses food ingredients to
make Honey Nut Cheerios? - Answers -Form
You've finally graduated and are in the job market. In an interview with Widget
Production Company, you start discussing supply chain management with the hiring
manager. He tells you that at WPC, logistics and supply chain management basically
mean the same thing. This should indicate to you that: - Answers -WPC probably does
not have a clear conception of supply chain management, because SCM is about
systematic integration across multiple functions, including purchasing, manufacturing
and logistics.
It is said today that marketing is responsible for identifying profitable demand and
creating products to incent customers to buy, while supply chain management's role is
to: - Answers -satisfy demand by putting the product in customers' hands at the right
time, right place, right quantity, and right price.
In the Fiji water example, what key time and place challenge does Fiji bear compared to
Dasani? - Answers -Fiji only has one source, while Dasani has many
Supply chain management must demonstrate how improved value contributes to
improvements in financial performance. What are three major ways supply chain
