Exam 2: Supply Chain and Operations Strategy

Which process in the SCOR model includes activities related to procuring goods and services to meet planned and actual demand?

Resources that are rare help a firm to sustain competitive advantage.

Bargaining power of employees is one of the five forces in Porter's model of competitiveness.

A logistician creating logistics systems to reduce the complexity faced by the firm's customers is a

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

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

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

A firm's patents will be associated with which of the following forces in Porter's model of competitiveness?

Resources that provide a firm with competitive advantage are (choose two)

In Porter's five forces model,the bargaining power of customers is called the

The ability of a supply chain to quickly respond to short-term changes in demand or supply is called ________.

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

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

According to Fisher's strategy model,supply chains for custom-built made-to-order windows should focus on being

The movement of product upstream in the supply chain is called

Short term steps used to achieve strategic goals are known as tactics.

In Fisher's strategy model,functional products require efficient supply chains.

Short term steps used to achieve strategic goals are known as ________.

The network of people,knowledge,information systems,tools,and business processes that create value for customers is ________.

In the context of firm and SC&O strategy,attributes that differentiate a company's product from those of its competitors are called ________.