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Buad 331 Final Exam Questions And Answers (Verified And Updated)
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Buad 331 Final Exam Questions And 
Answers (Verified And Updated) 
What Events can result in a supply chain disruption? 
Natural disasters like floods 
Supplier bankruptcy 
Plant fire at a supplier 
All the above - answerAll of the above 
Which of the following was not discussed as examples of disruption impacts? - 
answerManagement stress and turnover 
A strike has just occurred at a key supplier. Which phase is the firm most likely dealing with? - 
answerPre due date phase 
When determining th...
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BUAD 331 Final Exam Questions And Answers (Verified And Updated)
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BUAD 331 Final Exam Questions And 
Answers (Verified And Updated) 
How does Zara use its supply chain capabilities to generate competitive advantage? - 
answerspeeding cycle times of new fashions from design to store shelf to ensure the trendiest 
fashions 
SCM refers to a relatively new business phenomenon of: - answerthe management of up + 
downstream relationships with suppliers + customers to deliver superior customer value at less 
cost to the supply chain as a whole 
Which of the following...
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BUAD 331 Exam Questions And Answers (Verified And Updated)
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BUAD 331 Exam Questions And Answers 
(Verified And Updated) 
Ted is approached by a diving goods supplier who tells him that he can reduce his purchasing 
price by half with ensured quality due to his lower cost structure resulting from his 
manufacturing locations in China. Should Ted accept the supplier's offer and why? 
a.) Yes, cutting the purchase cost by half can provide Ted's products great competitive price in 
the market. 
b.) Yes, ensured quality can reduce product defects and hence ...
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BUAD 331 Module 8 Exam Questions With Verified Answers
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BUAD 331 Module 8 Exam Questions With 
Verified Answers 
Techniques required to shorten lead times in the supply chain enable _________ ____________ 
to demand. - answergreater responsiveness 
Organizations are trying to ramp up the value they create while __________ _______. - 
answercutting time 
Product Life Cycle - answerstages from intro to market, initial stages growth, product 
maturity, to decline stage 
What are the four stages in the product life cycle? - answerintroductory, growth, ma...
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BUAD 331 Final Exam Questions With Verified Answers
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BUAD 331 Final Exam Questions With 
Verified Answers 
Why might a company consider expanding its supply chain internationally? 
1) To obtain access to lower-cost suppliers 
2) To take advantage of a skilled labor base in another country 
3) To support international expansion of sales 
4) To fend off competition from an international competitor 
5) All of the above - answerall of the above 
What is the biggest cause of difficulties in working with another culture? 
1) Language differences 
2) Dif...
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BUAD 331 Exam 2 Questions And Answers (Verified And Updated)
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BUAD 331 Exam 2 Questions And Answers 
(Verified And Updated) 
Sourcing is the inputs (or things we buy), including materials, sub-assembled components, 
equipment, and services, that are required to create value. 
A. True 
B. False - answerB. False 
Which of the following is NOT an area in which successful supply managers need expertise? 
A. Technologies 
B. Customers 
C. Suppliers 
D. Processes 
E. Resources - answerB. Customers 
When purchasing and supply management works well within an organ...
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BUAD 331 Exam- Study Aid with Questions and Expert Solutions
- Exam (elaborations) • 12 pages • 2024
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define what supply chain is? business discipline responsible for buying everything an organization needs to function, converting it into a form that customers might want to use, and getting it to where customers live and work 
 
what are examples of early innovators to utilize supply chain management techniques? walmart, toyota, dell 
 
what does a supply chain consist of? organizations, people, activities, information, and resources involved in moving a product or service form the origins of su...
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UTK BUAD 331 EXAM 1 (knowledge checks and module exams)- Questions and Complete Solutions
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How does Zara use its supply chain capabilities to generate competitive advantage? Speeding cycle times of new fashions from design to store shelf to ensure the trendiest fashions. 
 
Supply chain management refers to: the integrated management of business functions within and across organizations 
 
Which of the following companies refers to itself as a "technology company merged with a supply chain"? Amazon 
 
How does supply chain management create value? Form, time, place 
 
The "Great Di...
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BUAD 331 Supply Chain Exam 2 Study Guide- Questions with Detailed Answers
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Key factors for ensuring that products flow in a synchronous, coordinated fashion through the supply chain include: Information sharing and process synchronization 
 
What is one benefit of buyer-seller collaboration in synchronized supply chain? Demand information is captured and communicated in near real-time 
 
Which of the following is FALSE concerning "Quick Response" and "Vendor Managed Inventory" techniques? It uses supplier generated forecasts of demand to push large volumes of produ...
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Review Questions for BUAD 331 Exam 4- Questions with Expert Solutions
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Logistics Management is the part of SCM that plans, implements, and controls the efficient, effective, forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer requirements 
 
Supply Chain Management the management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to the supply chain as a whole 
 
Customer Value = ...
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