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OM 300 Exam 3 Chilcutt Questions with 100% Complete
Answers UPDATED!!!
Supply Chain Management - ANSWER to structure the supply
chain to maximize its competitive advantage and benefits to the
ultimate consumer
data, deliverables, durables, dollars - ANSWER what are the 4
components of a supply chain:
1. The coordination of all supply chain activities, starting with
raw materials and ending with a satisfied customer
2. Includes suppliers, manufacturers and/or service providers,
distributors, wholesalers, retailers, and final customers -
ANSWER Explain the strategic importance of the supply chain.
(2 things)
1. Many suppliers
2. Few suppliers
3. Vertical integration
4. Joint ventures
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5. Keiretsu networks
6. Virtual companies - ANSWER What are the 6 sourcing
strategies:
many suppliers - ANSWER type of souring strategy that is
commonly used to COMMODITY products (ex: oil, gold, base
metals); purchasing is typically based on PRICE; suppliers
compete with one another
few suppliers - ANSWER type of sourcing strategy where buyer
forms LONGER TERM relationship with fewer suppliers; create
VALUE through economies of scale; cost of changing suppliers is
HUGE
vertical integration - ANSWER type of sourcing strategy typically
more common in risky industries developing the ability to
product goods or services previously purchased
vertical - ANSWER ____________ integration can be forward or
backward
joint ventures - ANSWER which sourcing strategy is this:
OM 300 Exam 3 Chilcutt Questions with 100% Complete
Answers UPDATED!!!
Supply Chain Management - ANSWER to structure the supply
chain to maximize its competitive advantage and benefits to the
ultimate consumer
data, deliverables, durables, dollars - ANSWER what are the 4
components of a supply chain:
1. The coordination of all supply chain activities, starting with
raw materials and ending with a satisfied customer
2. Includes suppliers, manufacturers and/or service providers,
distributors, wholesalers, retailers, and final customers -
ANSWER Explain the strategic importance of the supply chain.
(2 things)
1. Many suppliers
2. Few suppliers
3. Vertical integration
4. Joint ventures
, 2|Page
5. Keiretsu networks
6. Virtual companies - ANSWER What are the 6 sourcing
strategies:
many suppliers - ANSWER type of souring strategy that is
commonly used to COMMODITY products (ex: oil, gold, base
metals); purchasing is typically based on PRICE; suppliers
compete with one another
few suppliers - ANSWER type of sourcing strategy where buyer
forms LONGER TERM relationship with fewer suppliers; create
VALUE through economies of scale; cost of changing suppliers is
HUGE
vertical integration - ANSWER type of sourcing strategy typically
more common in risky industries developing the ability to
product goods or services previously purchased
vertical - ANSWER ____________ integration can be forward or
backward
joint ventures - ANSWER which sourcing strategy is this:
