2
SCM Thomas Exam 4 UARK questions with accurate detailed
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answers
When a company goes global, what aspects of transportation increase? - ✔✔Cost & Time
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What is another word for postponement? - ✔✔Delay (movement of product, manufacture)
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- used example of sending finished printers to europe without the plug or the printer
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instructions, and then after demand they are finished with the plug and manual and
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shipped to that specific country
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What are four reasons companies want to use global manufacturing? - ✔✔1. Labor costs
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abroad are lower || ||
2. People are more open to manual labor
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3. Closer to some raw materials
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4. Regional expertise (silk in china)
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What is the definition of logistics? - ✔✔Management of the flow and storage of goods
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where total costs are minimized and customer service targets are achieved.
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What must you consider when managing global supply chains? - ✔✔Total cost (all various
|| || || || || || || || || || || || || ||
costs that help bring it to the market at the right place at the right time)
|| || || || || || || || || || || || || || ||
What are some of the intangible costs associated with global supply chains that must be
|| || || || || || || || || || || || || || ||
accounted for too? - ✔✔Markdowns and Lost of sales
|| || || || || || || ||
Which factor to business strategy is usually more important in China than in the U.S.? -
|| || || || || || || || || || || || || || || ||
✔✔Government Relations ||
, 2
Which capability is most important when doing business globally? - ✔✔Agility
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What are the 7 principles of SC management? - ✔✔1. Adapt supply chain based on service
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needs of each customer segment
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2. Customize logistics network for each segment
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3. Align demand planning across the supply chain
|| || || || || || ||
4. Differentiate product closer to customer
|| || || || ||
5. Outsource strategically
|| ||
6. Develop information technology that support multi-level decision making
|| || || || || || || ||
7. Adopt both service and financial metrics
|| || || || || ||
Other things to know about the 7 principles of SC management. - ✔✔- Survive the test of
|| || || || || || || || || || || || || || || || ||
time
- Still have a long way to go on supply chain strategy implementation
|| || || || || || || || || || || ||
- Technology and data will be the major game changer going forward
|| || || || || || || || || || ||
What are the 6 Omni-Channel Retail Strategies? - ✔✔1. One view of the customer (store or
|| || || || || || || || || || || || || || || ||
internet)
2. Short-term forecasts (what, when, where customers buy)
|| || || || || || ||
3. Seamless order entry and order management
|| || || || || || ||
4. One view of inventory (real-time inventory status availability)
|| || || || || || || ||
5. Flexible fulfillment network (delivery options, seasonal patterns, and returns)
|| || || || || || || || ||
6. Store operations (focus on retail, but replicate many fulfillment center operations)
|| || || || || || || || || || ||
Explain the type of SC strategy called Industry Framework - ✔✔Interaction of all that affect
|| || || || || || || || || || || || || || ||
competition in an industry. Demand variation/profile, market mediation costs, product
|| || || || || || || || || ||
lifestyle, relevance of the costs of assets to total cost
|| || || || || || || || ||
SCM Thomas Exam 4 UARK questions with accurate detailed
|| || || || || || || || ||
answers
When a company goes global, what aspects of transportation increase? - ✔✔Cost & Time
|| || || || || || || || || || || || ||
What is another word for postponement? - ✔✔Delay (movement of product, manufacture)
|| || || || || || || || || || || ||
- used example of sending finished printers to europe without the plug or the printer
|| || || || || || || || || || || || || || ||
instructions, and then after demand they are finished with the plug and manual and
|| || || || || || || || || || || || || ||
shipped to that specific country
|| || || ||
What are four reasons companies want to use global manufacturing? - ✔✔1. Labor costs
|| || || || || || || || || || || || || ||
abroad are lower || ||
2. People are more open to manual labor
|| || || || || || ||
3. Closer to some raw materials
|| || || || ||
4. Regional expertise (silk in china)
|| || || || ||
What is the definition of logistics? - ✔✔Management of the flow and storage of goods
|| || || || || || || || || || || || || || ||
where total costs are minimized and customer service targets are achieved.
|| || || || || || || || || ||
What must you consider when managing global supply chains? - ✔✔Total cost (all various
|| || || || || || || || || || || || || ||
costs that help bring it to the market at the right place at the right time)
|| || || || || || || || || || || || || || ||
What are some of the intangible costs associated with global supply chains that must be
|| || || || || || || || || || || || || || ||
accounted for too? - ✔✔Markdowns and Lost of sales
|| || || || || || || ||
Which factor to business strategy is usually more important in China than in the U.S.? -
|| || || || || || || || || || || || || || || ||
✔✔Government Relations ||
, 2
Which capability is most important when doing business globally? - ✔✔Agility
|| || || || || || || || || ||
What are the 7 principles of SC management? - ✔✔1. Adapt supply chain based on service
|| || || || || || || || || || || || || || || ||
needs of each customer segment
|| || || ||
2. Customize logistics network for each segment
|| || || || || ||
3. Align demand planning across the supply chain
|| || || || || || ||
4. Differentiate product closer to customer
|| || || || ||
5. Outsource strategically
|| ||
6. Develop information technology that support multi-level decision making
|| || || || || || || ||
7. Adopt both service and financial metrics
|| || || || || ||
Other things to know about the 7 principles of SC management. - ✔✔- Survive the test of
|| || || || || || || || || || || || || || || || ||
time
- Still have a long way to go on supply chain strategy implementation
|| || || || || || || || || || || ||
- Technology and data will be the major game changer going forward
|| || || || || || || || || || ||
What are the 6 Omni-Channel Retail Strategies? - ✔✔1. One view of the customer (store or
|| || || || || || || || || || || || || || || ||
internet)
2. Short-term forecasts (what, when, where customers buy)
|| || || || || || ||
3. Seamless order entry and order management
|| || || || || || ||
4. One view of inventory (real-time inventory status availability)
|| || || || || || || ||
5. Flexible fulfillment network (delivery options, seasonal patterns, and returns)
|| || || || || || || || ||
6. Store operations (focus on retail, but replicate many fulfillment center operations)
|| || || || || || || || || || ||
Explain the type of SC strategy called Industry Framework - ✔✔Interaction of all that affect
|| || || || || || || || || || || || || || ||
competition in an industry. Demand variation/profile, market mediation costs, product
|| || || || || || || || || ||
lifestyle, relevance of the costs of assets to total cost
|| || || || || || || || ||
