Exam 2: Supply Chain and Operations Strategy

Goals that help a firm "win a battle,but not necessarily win the war" are known as

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

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

Recognizing that their product is moving from being an innovative,disruptive product to a more mature product,the firm shifts their supply chain focus to efficiency.This capability of the firm is called ________.

Total cost of ownership is an example of

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

Differentiation strategy,which is part of Porter's generic strategies,emphasizes select customers or markets.

The strategic back-and-forth dialogue between successive levels of managers and their teams is called ________.

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

As per Porter's five forces model,if buyer switching costs are high,it will reduce the threat of substitute products.

Which type of supply chain relationship has a tendency to keep both the buyer and supplier at arm's length?

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

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

Parts per million defects is an example of

Using value analysis to identify total costs from a supply chain-environmental perspective is known as ________.

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

Sustainability within the SC&O context is

The ability to operate today in a way that does not threaten the future is known as ________.

Discuss the supply chain and operations strategic hierarchy.What is the role of capabilities and competencies in this process?

A relationship between two companies who are committed to work together in a way that the result is greater than the sum of the individual parts is known as a ________.