MARK 300 Supply Chain Management Portion

What is NOT an innovation related to disruptive technology?

Automotive Distribution

As Delta invests in luggage tracking-it is switching to baggage tags with radio-frequency ID chips embedded, Delta will now be able to accurately track customers' baggage in real time! Even though the new technology costs a great deal, Delta could save on fewer luggage claims and deliveries. What does this example imply?

Companies need to evaluate cost-to-serve versus the perceived benefits.

An example of the role of the supply chain in a firm is:

Delivering on the promise made to your customers

Who does the Great Divide in supply chain occur between:

Demand focused activities and supply focused activities

Which emerging megatrends will greatly challenge supply chain managers?

Disruptive technology, talent requirements and social changes

It is said today that marketing is responsible for identifying profitable demand and creating products to incentivize customers to buy, while supply chain management's role is to:

Satisfy demand by putting the product in customers' hands at the right time, right place, right quantity, and right price.

Supply chain management refers to a relatively new business phenomenon meaning:

The management of up and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole

What enables highly specific machining on site quickly and at a low cost with the potential to revolutionize the form/time/place mix in some industries, for example, spare parts, prosthetics, etc.?

additive manufacturing and 3D printing

Which of the following approaches would NOT help a business deal with the great divide?

creating a production-oriented focus across the supply chain

Which of the following is not an element of the integrated supply chain for General Mills Honey Nut Cheerios?

dairy cow farmers

Supply Chain Management:

extends the linking and coordination of materials management, manufacturing management and distribution upstream to suppliers and downstream to customers

Which of the following utility does General Mills provide when it uses specific food ingredients to make Honey Nut Cheerios?

form

Which economic utilities are associated with supply chain management?

from, time, and place

The coordination of forecasting, finished goods inventory management, warehousing, customer service, outbound transportation and production scheduling describe which activity in Porter Value Chain?

outbound logisitics

Logistics/Supply Chain Management is closely tied with Marketing as it typically fills which ÒPÓ?

place

Which of the following is NOT a component of a supply chain as listed in SCM1?

retail management

Companies that excel at supply chain management are structured to include all the following except:

siloed organizational structure

What is at the center of the Integrated Supply Chain in SCM1?

the customer experience

The separation between demand-focused activities and supply-focused activities is sometimes referred to as:

the great divide