ISOM 351 - Final Exam
What is Supply Chain Design? - Answer-Designing a firm's supply chain to meet the competitive priorities
of the firm's operations strategy.
What are the two types of supply chains? - Answer-Efficient and Responsive.
What does efficient supply chains use? - Answer-Make-to-stock.
What are the types of Responsive supply chains? - Answer-Assemble-to-order
Make-to-order
design-to-order
What is Backward Integration? - Answer-A firm's movement upstream toward the sources of raw
materials, parts, & services through acquisitions.
What is Forward Integration? - Answer-Acquiring more channels of distribution, such as distribution
centers (warehouses), & retail stores, or even business customers.
What are Make-or-Buy Decisions? - Answer-A managerial choice between whether to outsource a
process or do it in-house.
What is Bullwhip Effect? - Answer-The phenomenon whereby ordering patterns experience increasing
variance as you proceed upstream in the chain.
What is Supply Chain Design? - Answer-Designing a firm's supply chain to meet the competitive priorities
of the firm's operations strategy.
What are the two types of supply chains? - Answer-Efficient and Responsive.
What does efficient supply chains use? - Answer-Make-to-stock.
What are the types of Responsive supply chains? - Answer-Assemble-to-order
Make-to-order
design-to-order
What is Backward Integration? - Answer-A firm's movement upstream toward the sources of raw
materials, parts, & services through acquisitions.
What is Forward Integration? - Answer-Acquiring more channels of distribution, such as distribution
centers (warehouses), & retail stores, or even business customers.
What are Make-or-Buy Decisions? - Answer-A managerial choice between whether to outsource a
process or do it in-house.
What is Bullwhip Effect? - Answer-The phenomenon whereby ordering patterns experience increasing
variance as you proceed upstream in the chain.
