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CPIM 8 Mod 1 Sect A Flashcards | StudBud
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CPIM 8 Mod 1 Sect A
CPIM 8 Mod 1 Sect A
9 terms
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StudBud Administration
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562 plays
Supply chains, the Environment, & Strategy Supply Chain Mavens Dave Credicott
Flashcards
9 cards
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Practice quiz
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Questions
9
Answers
1
SCOR-DS
provides a framework to evaluate...
how your product offerings “score” against your competitors
and define how the source, make, & deliver processes SHOULD be performed
processes, people, & skills of your company & upstream/downstream partners
compliance with ISO and governmental standards
2
When
market demand
is
increasing
, competition from other sellers will also increase significantly.
False
True
3
The primary purpose of a
SWOT
analysis is to:
Evaluate ability to compete successfully and avoid negative factors
Recognize technical opportunities: Strategic Windows of Technology
Develop meaningful employee performance evaluations
Calculate the highest product selling price the market will will bear
4
When analyzing the
external environment
, which factors should be included?
Competitive analysis
Key success factors in strong competitors
Trends shaping the industry
Strategic benchmarking
5
Which is NOT one of the
Five Forces Framework
?
Competitive rivalry
Technology
Buyers
New entrants
Suppliers
Substitutes
6
Environmental scanning
is used to...
identify geographical elements that may impede transportation of products
determine if weather events might impact production or shipment of goods
expose organizational strengths, weaknesses, opportunities, and threats
evaluate various locations for production facilities and warehouses
7
A well-crafted
business strategy
should have which attributes? (Select all that apply)
Resistant to changes in the external environment
Hard to imitate, but but sustainable in the long term
Generates increased revenue, rising stock values, and market share
Good strategic fit to the market
8
Buyers have
greater power
than sellers when (choose all that apply):
There are few acceptable substitutes
Switching to another product is difficult or expensive
Demand is weak and supply is plentiful
Products are commodities
9
New competitors
might enter the market when these factors prevail (choose all that apply)
New technology exists that suppliers are not exploiting
Industry growth is strong
Capital costs are high for new entrants
Customer loyalty is strong
