Exam 8: Strengthening Business-To-Business Relationships Via Supply Chain and Customer Relationship Management

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Analytical tools are used to optimally utilize materials,equipment,and labor during the ________ process of supply chain planning.

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B

List the ways in which collaborative customer relationship management (CRM)enhances communication.

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Collaborative CRM enhances communication in the following ways:
a.Greater customer focus-Understanding customer history and current needs helps to focus the communication on issues important to the customer.
b.Lower communication barriers-Customers are more likely to communicate with the organization when personnel have complete information and when they utilize the communication methods and preferences of the customer.
c.Increased information integration-All information about the customer as well as all prior and ongoing communication is given to all organizational personnel interacting with the customer; customers can get status updates from any organizational touch point.

Collaborative customer relationship management enhances communication by understanding customer history and current needs.

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Identify a key technology in analytical customer relationship management (CRM)systems.

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Demand planning and estimating leads to the development of the overall ________.

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Supply chain management systems allow for making trade-offs between efficiency and effectiveness for individual components or raw materials.

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________ is the extent to which a company's supply chain is focusing on maximizing customer service with lesser focus on procurement,production,and transportation costs.

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________ includes tags for data such as annual and quarterly reports,Securities and Exchange Commission filings,general ledger information,and net revenue and accounting schedules.

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Supply chain effectiveness is the extent to which a company's supply chain is focusing on minimizing procurement,production,and transportation costs,sometimes by sacrificing excellent customer service.

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________ is a business model in which the suppliers to a manufacturer manage the manufacturer's inventory levels based on preestablished service levels.

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Supply chain execution involves the development of various resource plans to support the efficient and effective production of goods and services.

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________ planning focuses on delivering products or services to consumers as well as warehousing,delivering,invoicing,and payment collection.

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Comptel,a world leader in computer hardware,differentiates itself from its competitors by providing excellent after-sales service.This implies that the competitive strategy used by Comptel would most likely focus on ________.

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Which of the following statements about radio frequency identification (RFID)active tags is true?

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Identify the factors that help in building models of customer demand in an analytical customer relationship management (CRM)system.

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Operational customer relationship management system refers to the systems used for providing effective and efficient communication with the customer from the entire organization.

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Briefly describe the concept of portals in the context of supply chain management.

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Just-in-time is a business model in which the suppliers manage the manufacturer's inventory based on pre-established service levels.

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Explain the importance of supply chain analytics.

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________ customer relationship management (CRM)includes systems used for automating the fundamental business processes and for interacting with a customer.

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