BUAD 331 Final Exam Solutions 2024

Agility - Correct Answer The firm's ability to quickly adjust tactics and operations within its supply chain to respond or adapt to both positive & negative changes in its environment SCM Agility - Correct Answer Alertness, Accessibility, Decisiveness, Swiftness & Flexibility Key Principles of Metrics - Correct Answer Create the right cross-functional accountability, Establish a driver-based metrics framework, Set appropriate goals, Ensure that metrics cannot be gamed SCM Five Pillars of Excellence - Correct Answer Talent, Internal collaboration, External collaboration, Technology, Change management Barriers to Cross-Functional Integration - Correct Answer Siloed operating model, Metrics alignment, Supply Chain strategy alignment, Resistance to cultural changes, Manual offline tools Critical Skills for Top SCM Talent - Correct Answer Global orientation, Leadership skills, Technical savvy, Superior business skills Successful Collaborations - Correct Answer Acknowledgment of negative implications & development of dispute resolution procedures. Fare apportionment of both the risks & the rewards. Mutual trust to encourage operational & strategic integration EPIC Framework - Correct Answer Economy, Politics, Infrastructure, Competency Economic Assessment - Correct Answer Economic Output and Growth Rate, Tax Rate, Labor Costs Population Foreign Direct Investment Exchange Rate Stability and Consumer Price Inflation Balance of Trade Political Assessment - Correct Answer Legal and Regulatory Framework Ease of Doing Business, Bureaucracy and Corruption Political Stability Country Risk Infrastructure Assessment - Correct Answer Transportation, Utilities, Telecommunications Competence Assessment - Correct Answer Labor - Availability, Productivity, Relations Education Levels for Line and Staff Management