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WorksheetsBasics of ISM
Total questions: 17
Worksheet time: 10mins
Actvities related to inbound logistics
Pricing
Negotiation with suppliers
Warehouse & raw materials handling
Returns to suppliers
Order processing
Machining, packaging, assembly, equipment maintenance, testing, printing and facility operations are examples of...
Procurement
Operations
Outbound Logistics
Service
Outbound Logistics activities...
Finished goods warehousing
Distribution channel selection
Product adjustment
Delivery
Order processing and scheduling
Main purposes of Porter's Value Chain Model
Have a graphic framework of a company structure
Assessing where in the organization true value is created
Identify where costs can be reduced in order to boost margins
Improve communication betweeen departments
Potential entry of new competitors increases when
the market has significant economies of scale.
low initial capital investment is required.
there are strong government regulations.
brand names are well-known.
Threat of substitute products increases when__________________.
the product is undifferentiated.
the customers are not price sensitive.
there is real benefit offered by the products in the industry.
consumer switching costs are high.
Bargaining power of suppliers increases when __________________.
the suppliers' goods are not critical to the buyers.
there is no threat of forward integration.
the buyers' input do not represent a significant portion of the supplier's business.
substiture products are available.
Bargaining power of customers increases when _________________.
substitutes are not available.
buyer switching costs are low.
the customers could not possibly make the product themselves.
customers are uneducated regarding the product.
Rivalry among competing firms increases when______________________.
there are few competitors in the industry.
the firms are competing in a growing industry.
there are low fixed costs of production.
the product are differentiated.
there are high costs for exiting the business.
