A company's supply chain strategy

Outlines procurement, transportation, manufacturing and distribution goals

Increased product variety and shrinking product life cycles usually result in:

Increased uncertainty while reducing the window to achieve SCM fit.

Efficient Supply Chains have all of the following strategies except:

A supplier strategy based on speed, flexibility, reliability, and quality.

A company's competitive strategy:

Defines the customer needs it needs to satisfy through its products.

The customer need to increase range in quantity will cause implied demand uncertainty to:

Increase because it implies greater variance in demand.

The first step in achieving strategic fit between competitive and supply chain strategies is to:

Understand customers and supply chain uncertainty.

Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle

Product availability is crucial to capturing the market.

studbud

PRCH-3018 Module 2 Review

10 termsStudBud Administration334 plays

Reviews materials on Supply Chain Performance: Achieving Strategic Fit and Scope

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
A company's supply chain strategy
Specifies how the product will be positioned, priced, and promoted.
Specifies the portfolio of new products that it will try to develop.
Outlines procurement, transportation, manufacturing and distribution goals
Customer needs that it seeks to satisfy through its products and services
2
Increased product variety and shrinking product life cycles usually result in:
A deliberate proliferation in variety of components used for all products.
Increased uncertainty while reducing the window to achieve SCM fit.
A decrease in overall uncertainty for the supply chain
An increase in time allowed for a supply chain to develop competencies.
3
Efficient Supply Chains have all of the following strategies except:
A supplier strategy based on speed, flexibility, reliability, and quality.
An inventory strategy where you minimize inventory to lower cost.
A manufacturing strategy where costs are lowered through high utilization.
Strategy where margins are lowered as price is a prime customer driver.
4
The value chain in a company begins with:
operations
the customer
marketing and sales
new product development
5
A company's competitive strategy:
Specifies how the product will be positioned, priced, and promoted.
Defines the customer needs it needs to satisfy through its products.
Specifies the portfolio of new products that it will try to develop.
Is procurement, transportation, manufacturing, and distribution practices.
6
The customer need to increase range in quantity will cause implied demand uncertainty to:
Increase because demand per product becomes less predictable.
Increase because the customer demand per channel becomes less predictable.
Increase because it implies greater variance in demand.
Increase because there is less time in which to react to orders.
7
A supply chain strategy involves decisions regarding all of the following except:
Inventory
New product development
Operating facilities
Transportation
8
Risks and opportunities have increased for supply chains due to:
Stagnant technology innovations
Stabilization of exchange rates
Increasing globalization.
No concern for the environment or sustainability.
9
The first step in achieving strategic fit between competitive and supply chain strategies is to:
Understanding the supply chain capabilities
Understand customers and supply chain uncertainty.
Achieving strategic fit (if a mismatch exists)
Understand the supply chain and map it on the responsiveness spectrum.
10
Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle
Margins are lower due to an increase in competitive pressure.
Product availability is crucial to capturing the market.
Price becomes a significant factor in customer choice.
Demand has become more certain and supply is predictable.

PRCH-3018 Module 2 Review Flashcards | StudBud