ISOM 551 Unit 3 Exam || 100% Valid Solutions.
What is the theme of Unit 3? correct answers A well-managed portfolio of partners contributes to
value delivery
key partners correct answers critical external entities needed to deliver value to the customer
what are backward channel partners correct answers suppliers
what are forward channel partners correct answers customers
Examples of enabling relationships correct answers Certification partners
Regulatory & administrative bodies
Unions
Local governments & commu8nity groups
Trade associations
what are the two big ideas of supply chains correct answers Supply chains are global
Supply chains are multi-tiered
Supply Chain Management correct answers the flow of materials, products, info, and services
from primary source to final user
what are the two steps of supply chain management correct answers Developing supply chain
strategies and Deploying supply chain tactics
what are the questions that are asked for developing supply chain strategies correct answers
What products/services are critical to success?
Do it ourselves? Or hire someone else?
, If we choose to hire someone else... do we make them partners?
what are the questions that are asked for deploying supply chain tactic correct answers How do
we effectively and efficiently implement these choices?
what is the basis for process management correct answers supply chain strategy
Operations strategy helps set supply chain strategy, which leads to... correct answers supply
chain strategy determines supply chain tactics
supply chain strategy correct answers The set of decisions about using key partners to best
deliver customer value
what does a supply chain strategy do correct answers Develop a plan for how to select, manage,
and evaluate key partners
Develop supply chain tactics elements correct answers Executing the strategy's plan
Procuring materials, products, info & services - needed to deliver value
Balance competing supply chain objectives
what are the elements of the supply chain strategy decisions correct answers 1. Define the
balance of supply chain objectives
2. Determine commodity strategies
what are the goals of defining the balance of supply chain objectives correct answers Meet
Customer Requirements
Minimize supply chain risks (increase resilience/autonomy) Reduce total operating cost
(decrease total cost of ownership)
What is the theme of Unit 3? correct answers A well-managed portfolio of partners contributes to
value delivery
key partners correct answers critical external entities needed to deliver value to the customer
what are backward channel partners correct answers suppliers
what are forward channel partners correct answers customers
Examples of enabling relationships correct answers Certification partners
Regulatory & administrative bodies
Unions
Local governments & commu8nity groups
Trade associations
what are the two big ideas of supply chains correct answers Supply chains are global
Supply chains are multi-tiered
Supply Chain Management correct answers the flow of materials, products, info, and services
from primary source to final user
what are the two steps of supply chain management correct answers Developing supply chain
strategies and Deploying supply chain tactics
what are the questions that are asked for developing supply chain strategies correct answers
What products/services are critical to success?
Do it ourselves? Or hire someone else?
, If we choose to hire someone else... do we make them partners?
what are the questions that are asked for deploying supply chain tactic correct answers How do
we effectively and efficiently implement these choices?
what is the basis for process management correct answers supply chain strategy
Operations strategy helps set supply chain strategy, which leads to... correct answers supply
chain strategy determines supply chain tactics
supply chain strategy correct answers The set of decisions about using key partners to best
deliver customer value
what does a supply chain strategy do correct answers Develop a plan for how to select, manage,
and evaluate key partners
Develop supply chain tactics elements correct answers Executing the strategy's plan
Procuring materials, products, info & services - needed to deliver value
Balance competing supply chain objectives
what are the elements of the supply chain strategy decisions correct answers 1. Define the
balance of supply chain objectives
2. Determine commodity strategies
what are the goals of defining the balance of supply chain objectives correct answers Meet
Customer Requirements
Minimize supply chain risks (increase resilience/autonomy) Reduce total operating cost
(decrease total cost of ownership)
