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MBA 6205 Supply Chain - Chapter 1 & 2
Questions and Answers (100% Correct
Answers) Already Graded A+
Supply Chain Management (SCM) Ans: Efforts to align goals, shares
resources, and collaborate across company boundaries are the essence
of supply chain management.
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SCM Goal - Ans: SCM allows a company to do a few things very well for
which it has unique skills. Build a corporate "team" consisting of suppliers,
finished goods producers, service providers, and/or retailers.
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Focal Firm Ans: The company that is depicting the relationships among
its suppliers and customers
Supply Chain Flow Ans: Purchased goods and services flow from
upstream suppliers, through the focal firm, to downstream customers.
However, information flows in both directions as supply chain members
plan and coordinate their efforts.
Value Chain Ans: Interconnected nature of internal functions that has
responsibility for making decision that will determine how much value is
created
Just-in-case inventory (Safety Stock) Ans: Kept on hand to compensate
for poor information sharing and possible transportation delays
Bullwhip Effect Ans: Says that demand variations are likely to be
exaggerated as decisions are made up the chain. The end result is that
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small changes in retail-level demand get magnified as they ripple
through the supply chain like a bullwhip
Internal process integration Ans: The goal is to increase collaboration
among the company's functional groups
Backward process integration with valued first-tier suppliers Ans: Leading
companies are extending this form of integration to second-tier suppliers
(their suppliers' suppliers)
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Forward process integration with valued first-tier customers Ans: To date,
few companies have targeted integration with their customers'
customers
Guru01 - Stuvia
Complete forward and backward integration from the "suppliers' supplier
to the customers' customer Ans: This is the theoretical ideal
Contingency Theory Ans: Conceptualized the relationship between a
changing environment, managerial decision making, an performance
Industrial Organization (IO) Theory Ans: Claims that market forces should
drive decision making. Powers held by five entities - Suppliers, Buyers,
Existing Rivals, Potential Rivals, and providers of substitute products.
Resource-Based Theory Ans: Emphasizes the management of internal
resources to establish a hard-to-imitate advantage
Core Competence Ans: When a company develops unique skills and
processes that lead to competitive advantage it is said to possess
1
MBA 6205 Supply Chain - Chapter 1 & 2
Questions and Answers (100% Correct
Answers) Already Graded A+
Supply Chain Management (SCM) Ans: Efforts to align goals, shares
resources, and collaborate across company boundaries are the essence
of supply chain management.
© 2026 Assignment Expert
SCM Goal - Ans: SCM allows a company to do a few things very well for
which it has unique skills. Build a corporate "team" consisting of suppliers,
finished goods producers, service providers, and/or retailers.
Guru01 - Stuvia
Focal Firm Ans: The company that is depicting the relationships among
its suppliers and customers
Supply Chain Flow Ans: Purchased goods and services flow from
upstream suppliers, through the focal firm, to downstream customers.
However, information flows in both directions as supply chain members
plan and coordinate their efforts.
Value Chain Ans: Interconnected nature of internal functions that has
responsibility for making decision that will determine how much value is
created
Just-in-case inventory (Safety Stock) Ans: Kept on hand to compensate
for poor information sharing and possible transportation delays
Bullwhip Effect Ans: Says that demand variations are likely to be
exaggerated as decisions are made up the chain. The end result is that
, For Expert help and assignment handling,
2
small changes in retail-level demand get magnified as they ripple
through the supply chain like a bullwhip
Internal process integration Ans: The goal is to increase collaboration
among the company's functional groups
Backward process integration with valued first-tier suppliers Ans: Leading
companies are extending this form of integration to second-tier suppliers
(their suppliers' suppliers)
© 2026 Assignment Expert
Forward process integration with valued first-tier customers Ans: To date,
few companies have targeted integration with their customers'
customers
Guru01 - Stuvia
Complete forward and backward integration from the "suppliers' supplier
to the customers' customer Ans: This is the theoretical ideal
Contingency Theory Ans: Conceptualized the relationship between a
changing environment, managerial decision making, an performance
Industrial Organization (IO) Theory Ans: Claims that market forces should
drive decision making. Powers held by five entities - Suppliers, Buyers,
Existing Rivals, Potential Rivals, and providers of substitute products.
Resource-Based Theory Ans: Emphasizes the management of internal
resources to establish a hard-to-imitate advantage
Core Competence Ans: When a company develops unique skills and
processes that lead to competitive advantage it is said to possess
