BUAD 331- FINAL Questions & Answers 100% Correct.

Competency - ANSWERWhat dimension of the EPIC assessment framework involves the strength of supply chain support businesses in the region? false - ANSWERSupply chain solutions that work in one region can be repeated as long as you have the technology systems to connect all supply chain partners. D.All of the above - ANSWERWhich of the below are ways that a company can build a more resilient supply chain? A.Educating and training the workforce B.Learning from failure C.Simulating disruptions D.All of the above Buffer phase - ANSWERCahill Company has found out that the shipment of Component # 127 will not be arriving at its plant. Shop floor operators are pulling the needed Component #127 out of existing stock. What phase of disruption best describes the current situation? Vested relationships - ANSWERWhat is the concept in which both sides to an agreement commit the resources required to achieve key outcome metrics that are mutually beneficial? total relevant value - ANSWERLeading firms now recognize that they must cultivate relationships with suppliers and ensure profitable operations for all enterprises in the supply chain in order to gain the access to key resources required to optimize Both - ANSWERWhat fundamental mechanisms are needed to manage disruptions? -The ability to discover that disruptions have happened or are going to happen -The ability to recover from disruptions The legal system used in the US is based on: - ANSWERcommon law Vested Relationships - ANSWERWhat is the idea in which both sides to an agreement commit to the resources required to achieve key outcome metrics that are mutually beneficial? false - ANSWERT/F: Internal firm-generated customer service and quality metrics