Exam 5: The Five Generic Competitive Strategies

Information technology, consumer behaviour, visibility, and speed are the four changes resulting from advances in technology that are driving supply chains.

What best describes all the activities managers do to help companies create goods?

A supply ____________ consists of all parties involved, directly or indirectly, in the procurement of a product or raw material.

____________ management and control software provides control and visibility to the status of individual items maintained in inventory.

The __________ effect occurs when distorted product demand information passes from one entity to the next throughout the supply chain.

Which of the following is a principle of supply chain management?

Global inventory management systems (GIMS) provide the ability to locate, track, and predict the movement of every component or material anywhere upstream or downstream in the business process.

Which of the following is not one of the five basic components of supply chain management?

List the components of a typical supply chain.

In a supply chain, which one of the following doesn't flow in the direction of upstream?

Managers can use information systems to heavily influence OM decisions including: productivity, costs, flexibility, quality, and customer satisfaction.

What is the term used to describe the difference between the cost of inputs and the value of price of outputs.

__________________________________ use sales forecasts to make sure that needed parts and materials are available at the right time and place in a specific company.

Define the relationship between supply chain management and decision making.

Which of the following generates demand forecasts using statistical tools and forecasting techniques?

Describe the five key competitive priorities translate directly into characteristics that are used to describe various processes by which a company can add value to its OM decisions

Which one of the following is not a characteristic of an efficient and effective supply chain management?

In ______________ component of supply chain management, companies must carefully choose reliable suppliers that will deliver goods and services required for making products, and develop a set of pricing, delivery, and payment processes with suppliers and create metrics for monitoring and improving the relationships.

_______________________ describes all the activities managers do to help companies create goods.

Materials flow from suppliers and their _______________ suppliers at all levels.