BUAD 331 EXAM 1 KC Questions With Complete Solutions

supply chain management refers to: correct answer: 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 company refers to itself as a "technology company merged with a supply chain"? correct answer: Amazon How does supply chain management create value? correct answer: form, time, place, exchange The "Great Divide" in supply chain management occurs between: correct answer: demand-generating activities and demand-fulfilling activities What mega-trends will greatly challenged supply chain managers? correct answer: -disruptive technology -talent/skills requirements -social changes What is the main problem with the traditional order process, as depicted in this figure? correct answer: 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? correct answer: Make In relation to the overall supply chain, _________ place a priority on cost savings while ________ place a priority on doing whatever is necessary to deliver form, time,