Apics Website Quizzes

Implementation of electronic data interchange (EDI) will have the most impact on which of the following costs? - Answer- Transactions A primary benefit to a company using electronic data interchange with its suppliers for repeat orders is - Answer- Purchase orders can be released without buyer action The strategic management of any operation - Answer- Cannot be separated from how well operational resources are managed at the detail level The strategic importance of operational knowledge is vital to establishing an operations based strategic advantage. A superior understanding of one's processes can do at the limits of their capability allows the organization to better products and services due to confidence in knowing for sure the process can deliver. Well controlled processes will also have fewer errors and waste and therefore high efficiency [lower costs, higher quality]. When multiple important tasks remain for the company to pursue, leadership must - Answer- Focus on a few goals while putting some others aside As a company seeks to maintain market share, an appropriate defensive approach would be to - Answer- Retain and exploit those resources that are difficult to copy Developing corporate strategy ideally starts at the top cascading downward throughout the organization and ultimately reaching - Answer- The associated functional and operating levels The IT function develops a strategy that calls for increasing use of cloud services. When this comes to the attention of the CEO, the CEO is unhappy. What is the most likely source of the problem? - Answer- Lack of alignment of the functional strategy with the business strategy. Success in operations drives better products and services, increased range of product capability, better supply relationships and heightened customer satisfaction due to high quality performance. All of these attributes - Answer- Become strategic when taken as a whole What does an effective strategy require? - Answer- Flexibility to adapt to changing conditions What are the primary characteristics of competitive advantage? - Answer- Sustainable and hard to imitate