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- 1.Supply Chain coversMovement of GoodsMovement of ServicesMovement of Goods and Services2.Supply Chain is betweenCustomer to customerCustomer to SupplierSupplier to supplierSupplier to Customer3.Which one of the below is element of supply chainDistribution ManagementHuman Resorce ManagementFinance Mangement4.What is the goal of supply chainCreate Customer satisfactionCreate Supplier SatisfactionAll the aboveCreate profit5.What is inventoryIt is about stock and its valueIt is about selling of goodsIt is about movement of the goods6.Managing the activities involving the flow of supplies into and out of a company is known as what?Procurement and distributionSCMSupply chainOperations managemet7.Which of the following is involved with supply chain management?GoodsSurveys1MarketingOverhead8.Which of the following is NOT an element of supply chain management?InventoryLaborProductionDistribution and transportation9.Order processing includes the following business processes:picking, packaging,…Q4(a). As an astute entrepreneur who believes in creativity and innovation, Mr.Francois is pondering about manufacturing something, but he has to thinkcarefully about the product to be manufactured. Therefore, he needs tounderstand what the Value Chain is about as well as the types of strategiesthat he could utilize to gain a competitive advantage. a. What information would you provide to Mr. Francois and his familyregarding the Value Chain as they think seriously about going into themanufacturing sector? b. Also, what are the possible strategies that could be utilized once theManufacturing company becomes established? Identify the strategies byname, and provide a brief explanation for each type of strategysuggested. Provide justification for your advice with respect to eachstrategy.1.Which of the following was not listed as a typical bootstrapping technique?a. Coordinate procurement with other companiesb. Employ internsc. Reduce personal expendituresd. Purchasing rather than leasing facilities2.Which of the following was one of the most important intellectual property mistakes made by entrepreneurs?a. Not properly registering their internet domain namesb. Not using their intellectual property as part of their overall plan for successc. Not properly identifying all their intellectual propertyd. Not fully recognizing the value of their intellectual property3.Many entrepreneurs tackle the challenge of raising capital in a haphazard manner because:a. they are inexperienced in this area, and they are unsure of their options.b. they haven’t finished a feasibility study or a business plan yet.c. they are focused on the nuts and bolts of starting their business.d. they are cautious about raising money, and they haven't written a business plan.4.Typically, the seed money…
- SLO-3.1 The major reason supply management can greatly improve a firm’s return on investment (ROI) is: A) the reduction of post ownership costsB) the reduction of downtime costsC) the reduction of quality costsD) the reduction of acquisition costE) every dollar saved in purchasing is = to a new dollar of profit NEWSLO-3.2 Which of the following is generally not true about supply management and the bottom line? A) Purchased items account for a large percentage of the cost of goods sold. Hence, a reduction in cost of purchased goods has a major impact on the bottom lineB) A Euro increase in sales is equivalent to a Euro decrease in materials cost in impacting the bottom lineC) Outsourcing allows firms to focus on their core competencies, which reduced potential for waste, which then can improve the bottom lineD) A dollar saved in materials cost is usually considered a dollar increase in profit, which directly translates into bottom line savingsE) Supply management can work…Q4(2). John Francois Stores has experienced success throughout its years of operations. However, there is no one at the organization at present who understands how the organization should be evaluated with the objective of taking corrective action, if required. a. what is the process of strategy evaluation? b. how the objectives are evaluated and what are the challenges that may arise? and how is performace measured?Many fimrs benefit from strategic decision-making and tactical production planning to lower supply-chain costs and risks. As a member of an executive committe for a fast moniving consumer goods (FMCG) organisation, proposewhich type of decisions you will be involved in to ensure that there is a reduction in cost and mitigation of risks; A. competitors are associates in the TQM process B. Employee's commitment to continuos imporvoment is not an obligation C. TQM systems are driven by the goal of customer satisfaction D. Quality is not an important orgnaisations' activity.
- Outsourcing can improve a firm’s effectiveness when:a) An operation can be performed better and/or morecheaply by an outsiderb) It allows concentration on core activitiesc) It reduces the firm’s exposure riskd) It creates potential future competitione) All of the aboveQ1(a). Indicate whether or not the organization where you are employed engages in strategic management and planning. If Yes, how has this benefitted the organization?MBAA 514: Management 1: Strategic Management - S23N70 - Announcements: Explanation of Value Chain Map As a reminder, the guidelines suggested for an easy to follow and more concise explanation of the value chain map can be organized as follows: For each Market Competency (separate paragraph) identify how the Market Competency is created/supported by 1) which core competencies, then, taking each core competency, 2) which capabilities support the core competency, then 3) taking each capability, which resources support the capability. In essence, you are explaining the linkages back from the Market Competency to the resources. In each case you can provide additional information or a brief qualification if needed or available (cite sources). In each case, ensure you use the term or phrase shown on the map and identify it as a core competency, capability or resource. When the same linkage has been identified in a previous discussion, just say as described previously or above. Proceed…
- 14- A bakery produces breads, cakes, sweets and snacks. A better way to find the balance when there are several different products is to: *a) use the weighted contribution marginb) choose the most important of the productsc) treat all products as if they were oned) you cannot calculate the break-even pointThe Gray Ferrari I t all got started when Robert L. Johnson had dinner at Mr. K’s Chinese restaurant with Michael Jordan of the Washington Wizards and David Falk, the leading sports agent. When the discussion turned to cars, Johnson mentioned his interest in getting a Ferrari. Both Falk and Jordan recommended their respective dealers but Johnson found the going tough. Only a select number of Ferraris are made annually, and the automaker limits how many are sold through U.S. dealers to about 1,000 units. In practice, anyone placing an order would have to wait over two years for delivery for a car that would cost $200,000 to $300,000 depending on the model. A New Jersey dealer had a Ferrari available, but, at $300,000, Johnson felt the price was too high. Michael Jordan’s dealer had a 360 Modena available for $160,000. Although he bought it, it was not exactly what he had wanted because the Modena is not a convertible. Franco Nuschese, the owner of Georgetown’s…The entries in the boxes in the center of a TOWS matrix represent A) the opportunities and threats within the external industry environment. B) the company's strengths and weaknesses C) the company's strengths and weaknesses and the threats and opportunities that exist in the external environment. D) possible strategic actions that company might take to address external conditions using the company's internal resources E) market challenges that top management needs to address