BUAD 331 Final Exam UTK Questions With Complete Solutions.

BUAD 331 Final Exam UTK Questions With Complete Solutions. defined by machines that are connected to each other so that they can exchange data in real time, is driving information visibility. - ANSWER-Internet of Things .2025, firms will increasingly partner with key customers to co-create ___________ form, time, and place elements, utilizing advancements in information exchange to customize specific value bundles for customers based on what customers are willing to pay. - ANSWER-value-added .A manager can ________ the probability of natural disaster in the short term. - ANSWER-Neither increase or decrease .A natural disaster occurred, but Company ABC’s supply chain continued to operate at a normal level. What does this exhibit? - ANSWER-Continuity .A strike has just occurred at a key supplier. Which phase is the firm most likely dealing with? - ANSWER-Pre-Due date phase .A strike has just occurred at a seaport. What phase of disruption are we most likely in at this point in time? - ANSWER-Pre-due date phase .ABC Company anticipates a pending event and is able to re-route product flow to avoid being disrupted. ABC Company supply chain exhibits - ANSWER-continuity .Auto Company’s shipment of parts were stopped due to a railroad accident. The parts were lifted from the rail car by helicopter and flow to the assemble plant. Which capability that this best exhibit? - ANSWER-Contingency capabilities .Bill Simon, former CEO of Walmart North America, said that what organizations really need today are supply chain managers who can __________ in response to changing conditions. - ANSWER-innovate .Blasteren Company has been monitoring the weather very closely as a hurricane is potentially headed towards their manufacturing plant in Florida. What phase of disruption best describes our current situation? - ANSWER-Pre-disruption phase .By 2025, best-in-class measurement systems will assess success based on the profitability of key customer segments and ____________ service levels to the price sensitivity of each segment. - ANSWER-tailoring .By 2025, Dr. Stank and the team predict that more companies will stick to their ___________ and many activities will be outsourced to the broader supply chain to leverage the expertise of external organizations. - ANSWER-Core competencies .By 2025, experts expect companies to use ______________ and ____________ to enable companies to use advance knowledge to actually “shape” demand based on consumer trends. - ANSWER-artificial intelligence and unstructured data .By 2025, it will become common for firms to utilize decision processes that enable them to _________ account for constantly changing competitive characteristics. - ANSWER-Proactively .By 2025, more companies will stick to their ___________, and many activities will be outsourced to the broader supply chain to leverage the expertise of external organizations. - ANSWER-core competencies .By 2025, process integration should extend to ___________ organizations involved in the overall value creation process. - ANSWER-external .Cahill Company has found out that the shipment of Component # 127 will not be arriving at their plant. Shop floor operators are pulling the needed Component #127 out of existing stock. What phase of disruption best describes the current situation? - ANSWER-Buffer phase .Disruptions can involve any of the following except? - ANSWER-Unsafe products that cause a recall Counterfeit parts Shortage of needed inputs .Fibs Company operates a supply chain that spans the globe. This supply chain can be: - ANSWER-A source of competitive advantage A source of potential disruption A source of significant risk .Flaxmaster Company has a supplier that experiencing financial instability, but is not approaching bankruptcy. Through its actions, how can Flaxmaster affect the risk it is facing relative to its supplier? - ANSWER-It can increase the probability of disruption .For which set of products is risk mitigation planning most important? - ANSWER-High End Electronics Weaponizable Products High Value Pharmaceuticals .Having two manufacturing plants