Which of the following customer needs will cause implied uncertainty of demand to increase?

Average forced season end markdown

The first step in achieving strategic fit between competitive and supply chain strategies is to

understand customers and supply chain uncertainty.

match supply chain responsiveness with the implied uncertainty of demand.

ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness.

understand the supply chain and map it on the responsiveness spectrum.

The second step in achieving strategic fit between competitive and supply chain strategies is to

understand the supply chain and map it on the responsiveness spectrum.

understand customers and supply chain uncertainty.

match supply chain responsiveness with the implied uncertainty of demand.

ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness.

The final step in achieving strategic fit between competitive and supply chain strategies is to

match supply chain responsiveness with the implied uncertainty of demand.

understand the supply chain and map it on the responsiveness spectrum.

understand customers and supply chain uncertainty.

combine customer and supply chain uncertainty and map it on the implied uncertainty spectrum.

Supply chain responsiveness includes the ability to do which of the following?

Understand customers and supply chain uncertainty

Match supply chain responsiveness with the implied uncertainty of demand

Ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness

Supply chain responsiveness includes the ability to do which of the following?

Understand customers and supply chain

Match supply chain responsiveness with the implied uncertainty of demand

Ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness

Supply chain responsiveness includes the ability to do which of the following?

Understand customers and supply chain

Match supply chain responsiveness with the implied uncertainty of demand

Ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness

The cost of making and delivering a product to the customer is referred to as

cost-responsiveness efficient frontier.

The curve that shows the lowest possible cost for a given level of responsiveness is referred to as the

cost-responsiveness efficient frontier.

supply chain responsiveness curve.

A firm that is not on the cost-responsiveness efficient frontier can improve

both responsiveness and cost performance.

responsiveness, but not cost performance.

A graph with two axes with implied uncertainty along the horizontal axis and responsiveness along the vertical axis is referred to as the

uncertainty/responsiveness map.

The relationship where increasing implied uncertainty from customers and supply sources is best served by increasing responsiveness from the supply chain is known as the

uncertainty/responsiveness map.

The drive for strategic fit should come from

the highest levels of the organization, such as the CEO.

the strategic planning department.

The preferable supply chain strategy for a firm that sells multiple products and serves customer segments with very different needs is to

tailor the supply chain to best meet the needs of each product's demand.

set up independent supply chains for each different product or customer segment.

set up a supply chain that meets the needs of the highest volume product or customer segment.

set up a supply chain that meets the needs of the customer segment with the highest implied uncertainty.

Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle?

Product availability is crucial to capturing the market.

Demand has become more certain and supply is predictable.

Margins are lower due to an increase in competitive pressure.

Price becomes a significant factor in customer choice.

For a company to achieve strategic fit, it must accomplish the following keys:

C. The overall supply chain must operate at the lowest cost possible to achieve success.

A. All functional strategies must fit together to form a coordinated overall strategy.

B. The different functions in a company must appropriately structure their processes and resources to be able to execute these strategies successfully.

D. The design of the overall supply chain and the role of each stage must be aligned to support the supply chain strategy.

Efficient supply chains

D. maximize performance at a minimum cost.

B. have higher margins because price is not a prime customer driver.

C. maintain buffer inventory to deal with demand/supply uncertainty.

The functions and stages that devise an integrated strategy with a shared objective are referred to as

D. scope of marketing strategy.

Scope of strategic fit refers to both the .

function within the firm and stages across the supply chain.

function within the firm and the satisfaction of the customer.

satisfaction of the customer and the profits returned to the shareholders.

profits returned to the shareholders and the stages across the supply chain

The authors cite IKEA as achieving an intercompany scope of strategic fit which serves to

increase the supply chain surplus.

align the strategic fit with the consumer surplus.

minimize the costs of all supply chain elements

A company's partners in the supply chain determine

the relevance of sustainability initiatives.

Increased product variety and shrinking product life cycles usually result in

the deliberate phase-out of older products.

a decrease in overall uncertainty for the supply chain.

an increase in the time allowed for a supply chain to develop specific competencies.

a deliberate proliferation in the variety of components used for all products produced.

Risks and opportunities have increased for supply chains due to

the decreasing value of the U.S. dollar.

Over the past several decades.

the number of owners per supply chain has increased

the life cycle of products has increased.

most firms have become more vertically integrated

One motivation for companies to shed noncore functions to their supply chains has been to

take advantage of supplier and customer competencies that they did not possess.

increase supply chain membership and participation.

increase supply chain complexity to ease supply chain alignment.

maximize focus on local objectives.

Which of these examples ripped from the headlines of business periodicals is most accurate?

Netflix has two content delivery systems that are inexpensive to operate.

Blockbuster's reliance on streaming services was overwhelmed by a lack of bandwidth at the dawn of the 21st century.

Once an increase in demanded customization seized the market, Dell was unable to rely on its retail store strategy.

Redbox's reliance on streaming services ended Dell's run as a leader in the industry.

Concerns related to the environment and sustainability

are sometimes dictated by regulations and sometimes by perception.

are becoming less important to the consuming public.

result in increased cost for the supply chain.

are relevant to only the retail member of each supply chain.

C2 SCM

Authored by Nguyen Trang

English

12th Grade

Used 2+ times

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50 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company's competitive strategy

defines the set of customer needs that it seeks to satisfy through its products and services.

specifies the portfolio of new products that it will try to develop

specifies how the market will be segmented and how the product will be positioned, priced, and promoted.

determine the nature of procurement and transportation of materials as well as manufacture and distribution of the product.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The value that potential customers place on product cost and delivery time determines a company's

customer needs.

competitive strategy.

supply chain surplus.

product life cycle.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The value chain in a company begins with

the customer.

marketing and sales.

new product development.

operations.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Seven-Eleven in Japan's operations and distribution strategy focuses on

convenience in the form of easy access to stores.

constantly adding new products and services.

low cost for gasoline, which drives traffic to the store.

being responsive and having an excellent information infrastructure.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which element in the value chain is responsible for transforming inputs into outputs?

Operations

Marketing

Distribution

All elements of the value chain do this.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these services facilitates the function of the value chain but is not considered a core element of the supply chain?

Marketing

Information Technology

Distribution

Service

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company's product development strategy

defines the set of customer needs that it seeks to satisfy through its products and services.

specifies the portfolio of new products that it will try to develop

specifies how the market will be segmented and how the product will be positioned, priced, and promoted.

determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product.

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C2 SCM

A company's competitive strategy

The value that potential customers place on product cost and delivery time determines a company's

The value chain in a company begins with

Seven-Eleven in Japan's operations and distribution strategy focuses on

Which element in the value chain is responsible for transforming inputs into outputs?

Which of these services facilitates the function of the value chain but is not considered a core element of the supply chain?

A company's product development strategy

A company's marketing and sales strategy

A company's supply chain strategy

The value chain consists of direct and indirect activities. Which of the following is an indirect activity for an enterprise?

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