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MGT 8803 Supply Chain Management Comprehensive Questions with Verified Answers Graded A+

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MGT 8803 Supply Chain Management Comprehensive Questions with Verified Answers Graded A+

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Uploaded on: November 6, 2025
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mgt 8803 supply chain management comprehensive que

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MGT 8803 Supply Chain
Management Comprehensive
Questions with Verified
Answers Graded A+
responsive supply chains - Answer: Speed Focused.

Innovative Products

Efficient Supply Chain - Answer: Cost Focused

Good for Functional Products

Functional Products - Answer: Predictable demand

Low inventory cost

long product life

low inventory cost

low product variety

low stockout and obsolescence cost

Stockout - Answer: an event that occurs when no inventory is available

, Innovative Products - Answer: High demand uncertainty

short product life

high inventory cost

high profit margins

high product variety/low volume

high stockout cost/obsolescence cost

Efficient vs Responsive SC Operating Model - Answer: Efficient: supply predictable demand at
lowest possible cost

Responsive: Respond quickly to changes in demand to minimize stockout, lost sales,
markdowns, and obsolete inventory.

Efficient vs Responsive SC Capacity Strategy - Answer: Efficient: Maintain high average utilization
rate

Responsive: Deploy excess buffer capacity/capacity flexibility

Efficient vs Responsive SC Inventory Strategy - Answer: Efficient: high turns, minimize inventory
(inventory = cost)

Responsive: deploy buffer stock (extra inventory) of parts/finished goods

Efficient vs Responsive SC Lead Time Strategy - Answer: Efficient: Reduce lead time so long as it
doesn't increase cost.

Responsive: Invest aggressively to reduce lead time

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