Question 1

Discuss Michael Porter's generic strategies and how they apply to the way firms compete in a market.

Accepted Answer

Michael Porter suggests that there are t

Question 2

The key understanding to unlocking the strategic advantage of data analytics is

Accepted Answer

A) that all management is decision making. 
B) the ability to effectively manipulate and understand data. 
C) to make evidence-based decisions using the data. 
D) All of the above 
E) Only A and B above 
A) that all management is decision making. 
B) the ability to effectively manipulate and understand data. 
C) to make evidence-based decisions using the data. 
D) All of the above 
E) Only A and B above

Question 3

Which of the following is not one of the strategies in Porter's Generic Strategies model?

Accepted Answer

A) Cost 
B) Differentiation 
C) Focus 
D) Speed 
A) Cost 
B) Differentiation 
C) Focus 
D) Speed

Question 4

Discuss Fisher's strategy model and how it can be used to achieve alignment between a firm's generic strategy and SC&O strategy.

Accepted Answer

Alignment in SC&O strategy matches capab

Question 5

The relationship between a buyer and its supplier chosen solely on the basis that the supplier had the lowest bid can be described as a

Accepted Answer

A) transactional relationship. 
B) complementary relationship. 
C) synergistic relationship. 
D) None of the above 
A) transactional relationship. 
B) complementary relationship. 
C) synergistic relationship. 
D) None of the above

Question 6

Focusing on the entire acquisition process to develop strategic advantage rather than just to ensure production has sufficient inventories is called ________.

Accepted Answer

The answer of Focusing on the entire acquisition process to...

Question 7

Operations strategy focuses on allocating resources within the firm to provide value to customers.

Accepted Answer

A) True 
 B)False

Question 8

Agility is the capability to adjust a supply chain's design to meet major structural shifts in the market.

Accepted Answer

A) True 
 B)False

Question 9

Transactional relationships in a supply chain have a tendency to keep both the buyer and supplier at arm's length.

Accepted Answer

A) True 
 B)False

Question 10

In Fisher's strategy model,innovative products are matched with efficient supply chains.

Accepted Answer

A) True 
 B)False

Question 11

Which type of supply chain relationship typically involves development of relational capabilities?

Accepted Answer

A) Transactional 
B) Complementary 
C) Synergistic 
D) None of the above 
A) Transactional 
B) Complementary 
C) Synergistic 
D) None of the above

Question 12

According to Fisher's strategy model,supply chains for function products should focus on being

Accepted Answer

A) efficient. 
B) responsive. 
C) local. 
D) global. 
A) efficient. 
B) responsive. 
C) local. 
D) global.

Question 13

Total cost of ownership is an example of operational metric.

Accepted Answer

A) True 
 B)False

Question 14

Complementary relationships in a supply chain typically involve development of relational capabilities.

Accepted Answer

A) True 
 B)False

Question 15

Supply chain adaptability is important to capturing the value of long-terms changes in the competitive market landscape.

Accepted Answer

A) True 
 B)False

Question 16

Zara,a Spanish fashion retailer,is able to have their supply chain design,create,and deliver product in 15 days as compared to a couple of months for their competitors.This gives them the ability to quickly respond to short-term changes in demand and is called

Accepted Answer

A) adaptability. 
B) lean. 
C) agility. 
D) alignment. 
A) adaptability. 
B) lean. 
C) agility. 
D) alignment.

Question 17

Focus strategy,which is part of Porter's generic strategies,focuses on reducing cost.

Accepted Answer

A) True 
 B)False

Question 18

The capability to adjust a supply chain's design to meet major structural shifts in the market is called

Accepted Answer

A) agility. 
B) adaptability. 
C) lean. 
D) alignment. 
A) agility. 
B) adaptability. 
C) lean. 
D) alignment.

Question 19

Which type of supply chain relationship leverages another firm's competencies to maintain world class service?

Accepted Answer

A) Transactional 
B) Complementary 
C) Synergistic 
D) None of the above 
A) Transactional 
B) Complementary 
C) Synergistic 
D) None of the above

Question 20

The Japanese term for management control or policy deployment is ________.

Accepted Answer

The answer of The Japanese term for management control or...

Discuss Michael Porter's generic strategies and how they apply to the way firms compete in a market.

The key understanding to unlocking the strategic advantage of data analytics is

Which of the following is not one of the strategies in Porter's Generic Strategies model?

Discuss Fisher's strategy model and how it can be used to achieve alignment between a firm's generic strategy and SC&O strategy.

The relationship between a buyer and its supplier chosen solely on the basis that the supplier had the lowest bid can be described as a

Focusing on the entire acquisition process to develop strategic advantage rather than just to ensure production has sufficient inventories is called ________.

Operations strategy focuses on allocating resources within the firm to provide value to customers.

Agility is the capability to adjust a supply chain's design to meet major structural shifts in the market.

Transactional relationships in a supply chain have a tendency to keep both the buyer and supplier at arm's length.

In Fisher's strategy model,innovative products are matched with efficient supply chains.

Which type of supply chain relationship typically involves development of relational capabilities?

According to Fisher's strategy model,supply chains for function products should focus on being

Total cost of ownership is an example of operational metric.

Complementary relationships in a supply chain typically involve development of relational capabilities.

Supply chain adaptability is important to capturing the value of long-terms changes in the competitive market landscape.

Zara,a Spanish fashion retailer,is able to have their supply chain design,create,and deliver product in 15 days as compared to a couple of months for their competitors.This gives them the ability to quickly respond to short-term changes in demand and is called

Focus strategy,which is part of Porter's generic strategies,focuses on reducing cost.

The capability to adjust a supply chain's design to meet major structural shifts in the market is called

Which type of supply chain relationship leverages another firm's competencies to maintain world class service?

The Japanese term for management control or policy deployment is ________.

Introduction to Supply Chain and Operations Management

Product and Process Design and Mapping

Service Design

Customer Relationship Management

Strategic Sourcing

Supplier Management

Demand Management and Forecasting

Inventory Management Fundamentals and Independent Demand

Sales and Operations Planning and Enterprise Resource Planning

Logistics

Project Management

Supply Chain Quality Management

Statistical Process Control

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Exam 2: Supply Chain and Operations Strategy

Discuss Michael Porter's generic strategies and how they apply to the way firms compete in a market.

The key understanding to unlocking the strategic advantage of data analytics is

Which of the following is not one of the strategies in Porter's Generic Strategies model?

Discuss Fisher's strategy model and how it can be used to achieve alignment between a firm's generic strategy and SC&O strategy.

The relationship between a buyer and its supplier chosen solely on the basis that the supplier had the lowest bid can be described as a

Focusing on the entire acquisition process to develop strategic advantage rather than just to ensure production has sufficient inventories is called ________.

Operations strategy focuses on allocating resources within the firm to provide value to customers.

Agility is the capability to adjust a supply chain's design to meet major structural shifts in the market.

Transactional relationships in a supply chain have a tendency to keep both the buyer and supplier at arm's length.

In Fisher's strategy model,innovative products are matched with efficient supply chains.

Which type of supply chain relationship typically involves development of relational capabilities?

According to Fisher's strategy model,supply chains for function products should focus on being

Total cost of ownership is an example of operational metric.

Complementary relationships in a supply chain typically involve development of relational capabilities.

Supply chain adaptability is important to capturing the value of long-terms changes in the competitive market landscape.

Zara,a Spanish fashion retailer,is able to have their supply chain design,create,and deliver product in 15 days as compared to a couple of months for their competitors.This gives them the ability to quickly respond to short-term changes in demand and is called

Focus strategy,which is part of Porter's generic strategies,focuses on reducing cost.

The capability to adjust a supply chain's design to meet major structural shifts in the market is called

Which type of supply chain relationship leverages another firm's competencies to maintain world class service?

The Japanese term for management control or policy deployment is ________.

Introduction to Supply Chain and Operations Management

Product and Process Design and Mapping

Service Design

Customer Relationship Management

Strategic Sourcing

Supplier Management

Demand Management and Forecasting

Inventory Management Fundamentals and Independent Demand

Sales and Operations Planning and Enterprise Resource Planning

Logistics

Project Management

Supply Chain Quality Management

Statistical Process Control

New Section

Filters