Exam 5: The Five Generic Competitive Strategies

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The goal of ___________ quality standard is to detect potential problems to prevent their occurrence and achieve no more than 3.4 defects per million opportunities.

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___________ will become an effective tool for tracking and monitoring inventory movement in a real-time SCM environment.

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An organization's supply chain strategy can focus on efficiency or effectiveness, but not both.

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While developing an operations strategy, management needs to consider the following factor.

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What provides control and visibility to the status of individual items maintained in inventory?

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Describe the four changes resulting form advances in IT that are driving supply chains.

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Which of the following is not a principle of supply chain management?

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Decisions are sometimes referred to as __________________, which focuses on long range planning such as plant size, location, and type of process to be used.

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Information technology's primary role in supply chain management is creating the integrations or tight process and information linkages between functions within a firm-such as marketing, sales, finance, manufacturing, and distribution-and between firms.

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What enables an organization to react more quickly to resolve supply chain issues?

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In a supply chain, which one of the following moves in the direction of downstream?

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Which one of the following is a characteristic of an efficient and effective supply chain management?

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Make the sale to ___________ is one of the keys to SCM success.

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Describe the fastest growing components of SCM systems.

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Currently, there appears to be a trend toward offering __________________ friendly products that are made through environmentally friendly processes.

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Supply chain ________ management enables an organization to react more quickly to resolve supply chain issues.

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____________________ focuses on producing goods and services as efficiently as possible within the strategic plan

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Consumer behaviour, _____________, competition, and speed are the four changes resulting from advances in IT that are driving supply chains.

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_________________________ coordinate the process of transporting materials from a manufacturer to distribution centres to the final customers.

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The customers' customer is upstream in the supply chain.

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