BUAD 331 Final Exam Questions With Complete Solutions

Paradigm Change for business competition correct answer: Form, time, place, exchange --> Creating value Porter Chain Value correct answer: Inbound logistics, operations, outbound logistics, sales, service (primary activities) -Supplier base--> Integrated enterprise --> market/ distribution network Integrated Supply Chain Management correct answer: Traditional business coordination with particular organization within the supply chain for purposes of improving long term performances of individual enterprises and supply chain as a whole Integrating across Great Divide correct answer: Demand facing and supply facing processes -One side focuses on needing products immediately and are product focused, economics of scale and scope, deal with the manufacturing. -The other side deals with different products needs in a set time, and are customer focused and relevance *issue between marketing integration and manufacturing* Supply Competitive Advantage correct answer: Providing better service and availability to customer needs, through a lower cost/asset --> Increase goal value and productivity advantage Logistics correct answer: Process of strategically managing procurement, movement of materials, parts and inventory through the organization and marketing channels to maximize cost efficient fulfillment through orders Supply Chain Manageme correct answer: Management of upstream and downstream relationships with suppliers and customers to deliver superior customer value at a less cost to the supply chain as a whole