BUAD331 Exam 3 Review

Noodles & Company uses Coca-Cola Freestyle beverages machines that allow people to select from more than 100 regular and low calories brands. What kind of order fulfillment technique is Coca-Cola Freestyle beverage machine using?

hybrid lean and responsive

Possible loss of proprietary ideas, product designs, and business processes could be a negative in regard to:

information sharing

A firm expending great amounts of resources in pursuit of benefits while the partner exerts little effort is an example of what type of relationship?

one sided relationship

Partners that have systems, procedures, or routines connected seamlessly with each other are considered to be:

operationally integrated

Demand for fashion goods are difficult to predict. To deal with this, zara produces unfinished, un-dyed clothes in large quantity long before demand is realized and then dyes the clothes into different colors based upon real time customers buying trends and ships them to stores in small batches to meet end-customer demand. Why does Zara do this?

Zara postpones the dying process to help match supply capacity to specific consumer demand

What do we refer to as the number of different interpersonal ties connecting people in the buyer and supplier firm?

relationship density

___ is the IT adoption approach that is most likely to result in a more rigid IT infrastructure.

best of suite

There is a shift occurring where competitive advantage is no longer realized on product features alone, but instead on providing excellent service through:

better availability and cost

Which of the following key drivers of the "speed up" of competitive life cycles refers to less time available to develop new products, launch them and capture marketplace demand.

shortening product life cycles

If average daily demand for a product is five units and average lead time for an order to arrive is seven days, what is the reorder point (ROP) for the product?

35 units

When the product needed is commoditized and price is the primary variable driving the transaction decision, it is often advisable that the firm:

Avoid developing a relationship and use only economic connections

A more formalized exchange that culminates in the delivery of a service or product is called a:

Business Process

The demand penetration point is the place or stage in the supply chain where ___ are accepted and fulfilled.

Consumer demand and orders

____ represents the most commonly used and traditional form of inter-organizational communication systems.

EDI

Which of the following enterprise systems is considered to be more intra-organizational?

ERP

If Harley Davidson has many suppliers of seat covers to choose from, and quality is held constant, it will likely:

Enter into contractual agreements with several suppliers

Blockchain is an example of demand pull

False

What key product type is marked by contribution of 5 to 20 percent, six to twelve-month lead times, and low product variety?

Functional

Ordering supplies twice per year vs. four times per year can result in .... Due to ....?

Higher inventory carrying costs, higher average inventory levels

Which of the following is NOT one of the three questions a manager should ask when making an order fulfillment decision?

How should we price the product?

What key product type is marked by contribution margins of 20 to 60 percent, one or two lead times, and high product variety?

Innovative

Which of the following features are not part of a TMS system?

Inventory management

Which of the following factors typically contribute to increased delays and variability of lead times in the global supply chain?

Lack of connectivity in information systems, multiple product handling and other disconnects

Ted wanted to paint his upstairs hallway. He selected four different colors of brown/beige and chose "Puppy Paws", which Lowe's mixed for him on site. This method of order fulfillment is an example of ...

Manufacturing or form prepayment

____added time is the percent of total cycle time that a product or service may spend waiting to have form, time, or place value added to it.

Non-value

From a customer's perspective the total elapsed time from when the customer first recognizes a need to when that need is ultimately fulfilled is the

Order cycle time

Ted's wicked dive shop needs to put together a reorder plan for breathing regulators used in scuba diving. Given that this product is high cost and highly customized in order to meet the unique demands of different diver, Ted should utilize which of the following strategies?

Order regulators based on actual customer order and work with supplier-partners to quickly configure and ship the regulators directly to customers

What is one major characteristic that still exists in a lean fulfillment model?

Requirement to hold inventory in anticipation of customer

What type of supply chain would be the most appropriate during the introductory and growth stages due to demand being highly unpredictable?

Responsive

A system that enables a company to optimize its procurement strategy is a ____ system.

SRM

_____ is an architectural philosophy that can facilitate organizations' use of reusable services that enables more seamless and timely information exchange.

Service orientated architecture

Lean order fulfillment differs from traditional order fulfillment in that lean utilizes:

Smaller inventory deployment and shorter cycle times

Supply chain connections that consist of cognitive and/or emotional interactions among people that work in the supply chain, through which early party seeks to elicit a feeling, or behavior are called:

Social changes

One major concept useful in understanding which time based strategy is the best one to use to fulfill demand in the supply chain is the products stage in the____

Supply chain event management mix

What is a tool that managers can use to better understand the time taken to perform activities in the supply chain?

Supply chain mapping

Which of the following is not a technique for fulfilling customer orders?

Supply cycle time

The intersection of which two solutions is vital for effective inventory management?

TMS and WMS

The economic order quantity (EOQ) is defined as which of the following

The amount of inventory to order at any one time to balance the costs of carrying and ordering inventory

What negative impact can result from large lot size, long lead time operations?

The items are in places and at times customers don't want them

Creating partnerships that provide access to unique and valuable resources that can serve as the basis for outcompeting other business in the same sector in the long term is the idea behind:

The relational view of competition

What is the summation of ALL the individual order cycles up and downs the supply chain involved in getting a final product from its various points of origin to the final point of consumption to create form, time, and place value?

Total supply chain order cycle time

A contract relationship that is at arms-length, focuses on commercial transactions, and mitigates risk is considered a:

Transactional contract

Which of the following is NOT a characteristic of an efficient supply chain?

Used to supply predictable demand

What is the percent of total cycle time that a product is actually worked on to provide form, time and place value?

Value added time

A question that should be asked for every activity performed in a supply chain is "Does this activity add value for the ___ or does it simply add___?

customer, cost