Exam 5: The Five Generic Competitive Strategies

Summarize the best practices for implementing a successful supply chain management system.

What tracks and analyzes the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost?

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

What is the ability to view all areas up and down the supply chain?

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

The goal of six sigma quality is to detect potential problems to prevent their occurrence and achieve no more than 4.3 defects per million opportunities.

__________________________________ provide control and visibility to the status of individual items maintained in inventory.

Which of the following would an organization choose if it wanted to focus on transportation effectiveness?

A transformation process is often referred to as the technical core, especially in manufacturing organizations, and is the actual conversion of inputs to outputs.