Exam 5: The Five Generic Competitive Strategies

Low-cost market segments are frequently very large, and many companies are lured by the potential for significant profits, which are associated with large unit volumes of product.

Today, SCM systems focus on extending beyond an organization's four walls to influence:

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

In a supply chain, order information flows in the direction of ________.

Global ______________ management system provides the ability to locate, track, and predict the movement of every component or material anywhere upstream or downstream in the supply chain.

_________ chain management applies technology to the activities in the order life cycle from inquiry to sale.

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

Distribution management systems coordinate the process of transporting materials from a manufacturer to distribution centers to the final customer.

Collaborative ______________ allows an organization to reduce the cost and time required during the design process of a product.

The ability of a firm to provide consistent and fast delivery allows it to charge a ______________________ price for its products.

What would an organization choose that focuses on transportation efficiency?

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

_____________________ is responsible for managing the core processes used to manufacture goods and produce services.

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

What are the four primary drivers of supply chain management?

Which one of the following quality standard aims at no more than 3.4 defects per million opportunities?

Being the low-cost producer always guarantee profitability and success.

Describe Wal-Mart's supply chain management strategy in terms of its four drivers.

In a supply chain, payment flows in the direction of ________.

The ability of a firm to provide consistent and fast delivery allows it to charge a premium price for its products.