GSCM 201 – FINAL BYU QUESTIONS AND
100% CORRECT ANSWERS.
\.Types of Supplier Relationship - ANSWERS✔-Collaborative
Transactional
Synergistic
Vertical
Horizontal
Arms length
\.Transactional Relationships - ANSWERS✔-typically short-term relationships
based on cost advantages
\.Complementary Relationship - ANSWERS✔-each company needs the core
competency of the other in order to main customer value
\.Synergistic Relationships - ANSWERS✔-multiple companies work together to
create something that is worth more than the sum of the individual parts
\.Arms length relationship - ANSWERS✔-one time or multiple of standard stuff
,\.Vertical Relationship - ANSWERS✔-retailers too distributors to manufacturers to
suppliers
\.Horizontal Relationships - ANSWERS✔-trust and cooperation between same
levels of supply chain (ex: car companies sharing supplies)
\.Supply Strategy phases - ANSWERS✔-○Classification
○Market Analysis
○Strategic Positioning
○Action Plans
\.Supply Strategy Classification - ANSWERS✔-strategic, bottleneck, non critical,
leverage
\.Supply Strategy Market Analysis - ANSWERS✔-Asses supplier strength as well as
company strength
\.Supply Strategy Strategic Positioning - ANSWERS✔-Identify areas of opportunity
or vulnerability, assess supply risk and derive basic strategies by placing items
from phase one into the purchasing portfolio matrix
\.Supply Strategy Action Plan - ANSWERS✔-Company explores scenarios and lays
out plans for securing long term supply and for exploiting short term
opportunities
, \.SRM Steps - ANSWERS✔-○Supplier segmentation
○Supplier strategy development
○Supplier strategy execution
\.SRM Segmentation - ANSWERS✔-Map suppliers against profitability and risk
exposure
\.SRM Strategy Development - ANSWERS✔-Distribute internal resources and plans
to meet business needs
\.SRM Execution - ANSWERS✔-Do it
\.Kraljic's Matrix - ANSWERS✔-Supply Risk, Profit Impact
\.Services Definition - ANSWERS✔-Customer input is acted upon to be
transformed into output
\.PCN Diagram - ANSWERS✔-Process-Chain-Network, is a sequence of steps that
accomplishes an identifiable purpose such as building a home, completing a tax
return, or repairing a television. The network is the set of entities that are
involved in a particular process chain, making decisions about parts of the process
\.PCN Regions - ANSWERS✔-direct interaction
surrogate interaction
100% CORRECT ANSWERS.
\.Types of Supplier Relationship - ANSWERS✔-Collaborative
Transactional
Synergistic
Vertical
Horizontal
Arms length
\.Transactional Relationships - ANSWERS✔-typically short-term relationships
based on cost advantages
\.Complementary Relationship - ANSWERS✔-each company needs the core
competency of the other in order to main customer value
\.Synergistic Relationships - ANSWERS✔-multiple companies work together to
create something that is worth more than the sum of the individual parts
\.Arms length relationship - ANSWERS✔-one time or multiple of standard stuff
,\.Vertical Relationship - ANSWERS✔-retailers too distributors to manufacturers to
suppliers
\.Horizontal Relationships - ANSWERS✔-trust and cooperation between same
levels of supply chain (ex: car companies sharing supplies)
\.Supply Strategy phases - ANSWERS✔-○Classification
○Market Analysis
○Strategic Positioning
○Action Plans
\.Supply Strategy Classification - ANSWERS✔-strategic, bottleneck, non critical,
leverage
\.Supply Strategy Market Analysis - ANSWERS✔-Asses supplier strength as well as
company strength
\.Supply Strategy Strategic Positioning - ANSWERS✔-Identify areas of opportunity
or vulnerability, assess supply risk and derive basic strategies by placing items
from phase one into the purchasing portfolio matrix
\.Supply Strategy Action Plan - ANSWERS✔-Company explores scenarios and lays
out plans for securing long term supply and for exploiting short term
opportunities
, \.SRM Steps - ANSWERS✔-○Supplier segmentation
○Supplier strategy development
○Supplier strategy execution
\.SRM Segmentation - ANSWERS✔-Map suppliers against profitability and risk
exposure
\.SRM Strategy Development - ANSWERS✔-Distribute internal resources and plans
to meet business needs
\.SRM Execution - ANSWERS✔-Do it
\.Kraljic's Matrix - ANSWERS✔-Supply Risk, Profit Impact
\.Services Definition - ANSWERS✔-Customer input is acted upon to be
transformed into output
\.PCN Diagram - ANSWERS✔-Process-Chain-Network, is a sequence of steps that
accomplishes an identifiable purpose such as building a home, completing a tax
return, or repairing a television. The network is the set of entities that are
involved in a particular process chain, making decisions about parts of the process
\.PCN Regions - ANSWERS✔-direct interaction
surrogate interaction
