331 Final Exam Questions & Answers(RATED A+)

Which economic utility is NOT a reason for students to buy textbooks on A? - ANSWERForm You walk into Ted's Wicked Dive Shop and order a custom-designed diving mask that is fitted to the specific dimensions of your face. You are really pumped up about the purchase and expect delivery in 10 days. Two weeks later you call Ted and ask him where your mask is. It turns out the order was shipping in 9 days, but to another customer with the same name who lives in Nashville. What kind of value did Ted fail to provide? - ANSWERPlace Which of the following is NOT a characteristic of an efficient supply chain? - ANSWERSelect primarily for speed, flexibility, and quality If a company chooses to explore how best to employ a crowdsourced model of labor/assets and chooses to benchmark Uber or Airbnb, which type of benchmarking are they using: - ANSWERProcess How has Zara utilized a vertically integrated business model? - ANSWERBy increasing the quantity of products produced in-house rather than by outsourcing What type of measurement tool involves a periodic review to ensure that the strategy is still congruent with organizational objectives and assess internal customer and supplier perception? - ANSWERSupplier Scorecard What step in the strategic sourcing process involves understanding the purchase requirement relative to functional and business unit objectives? - ANSWERMarket Research What step in the strategic sourcing process involves determining what suppliers received the company's business and what opportunities are available to combine volumes and standardized purchases? - ANSWERSpend Analysis Paying extra to a supplier to ensure higher quality service, resulting in a lower total supply chain cost is an example of what kind of thinking? - ANSWERWin-Win Fill in the missing step of the strategic sourcing process. ________ => Market Research => Strategy Development => Contract Negotiation => Supplier Relationship MGMT - ANSWERBuild the Team Part of a quick response system where inbound shipments of bulk items are not stored long-term, but instead are broken into smaller quantities, mixed together and quickly shipped to individual stores is called ____________. - ANSWERCross docking Which step in the warehouse process follows the "picking" phase of an order? - ANSWERPacking phase Which of the following is NOT an ingredient in the recipe for competitive advantage? - ANSWERVertical integration throughout the supply chain Supply Chain execution systems are used in manufacturing and service operations, order management, and transportation and warehouse operations to help managers in those areas better execute the performance of their tasks with _______ at __________. -