BUAD 331 Module 8 Exam Questions With
Verified Answers
Techniques required to shorten lead times in the supply chain enable _________ ____________ to
demand.
greater responsiveness
Organizations are trying to ramp up the value they create while __________ _______.
cutting time
Product Life Cycle
stages from intro to market, initial stages growth, product maturity, to decline stage
What are the four stages in the product life cycle?
introductory, growth, maturity, decline
What is the best type of supply chain for introductory and growth stages?
responsive
What is the best type of supply chain for maturity and decline stages?
lean
What are the drivers of time based competition?
shortening product life cycle, volatile markets, reduced inventory to release holding costs
What is the pipeline value management goal?
to reduce length of supply chain and speed up cycle
Supply Chain Order Cycle Time
summation of all individual cycle times, the time it takes from point of origin to point of consumption
Pipeline Management links __________________________ to ____________________________.
supply chain order cycle times to value requirements of the market
Value Added Time
percent total cycle time a product is actually worked on
How much is the normal VAT for a company?
5%
Nonvalue Added Time
percent total cycle time product is waiting to have time, form and place value
NVAT is often the result of a firm's _______________________.
Verified Answers
Techniques required to shorten lead times in the supply chain enable _________ ____________ to
demand.
greater responsiveness
Organizations are trying to ramp up the value they create while __________ _______.
cutting time
Product Life Cycle
stages from intro to market, initial stages growth, product maturity, to decline stage
What are the four stages in the product life cycle?
introductory, growth, maturity, decline
What is the best type of supply chain for introductory and growth stages?
responsive
What is the best type of supply chain for maturity and decline stages?
lean
What are the drivers of time based competition?
shortening product life cycle, volatile markets, reduced inventory to release holding costs
What is the pipeline value management goal?
to reduce length of supply chain and speed up cycle
Supply Chain Order Cycle Time
summation of all individual cycle times, the time it takes from point of origin to point of consumption
Pipeline Management links __________________________ to ____________________________.
supply chain order cycle times to value requirements of the market
Value Added Time
percent total cycle time a product is actually worked on
How much is the normal VAT for a company?
5%
Nonvalue Added Time
percent total cycle time product is waiting to have time, form and place value
NVAT is often the result of a firm's _______________________.
