Multiple choice

1 when a buyer has complex requirements and plans to negotiate price and terms with the supplier this
is requested in the

B REQUEST FOR PROPOSAL

2 its goal is to obtain the right materials by meeting quality requirements in the right quantity for
delivery at the right time and right place from the right source with the right service and the right price

C. SUPPLY MANAGEMENT

3 include all partially processed input or materials still not ready for sales

A WORK IN PROCESS

4 it concretizes supply chain management

5 another term for carrying cost

C HOLDING COSTS

6 seek to determine an optimal order quantity where the sum of the annual order cost and annual
carrying cost is minimized

7 an operational strategy whereby the company estimates its demand for raw materials and make sure
that raw materials are delivered on time

B JUST-IN-TIME

8 the process of producing goods using people or machine resources

A MANUFACTURING
9 the process of putting together raw materials into desired output

10 generated when suppliers relationships are created and managed individual delivering quality
products delivering on time delivering at competitive prices providing good service backup when needed
and keeping promises

11 closes the entire logistics circle

B DELIVERY

12 growth strategies adopted within the company as described as

13 the process where a company sells more of its current products by seeking and tapping new market

A. MARKET DEVELOPMENT

14 its objective is to offer products and services at the lowest cost possible in the industry

15 an internal growth strategy where the company sells new products to an existing market

B. PRODUCT DEVELOPMENT

16 provides a variety of product services or product and service features that competitors do not offer or
are not able to offer to consumers

17 implemented when organization concentrates on a limited market segment and creates a market
niche based on differentiated features like design utility and practicality

A. FOCUSED/ MARKET-NICHE DIFFERENTIATION STRATEGY

18 its goal is to radically catapult or leapfrog the organization by completely introducing new product
and services through highly differentiated products and services of an organization

C INNOVATION STRATEGY

19 its objective is to perform better by making the structure lean streamlining wasteful and inefficient
processes

C OPERATIONAL EFFECTIVENESS STRATEGY

A ECONOMIES OF SCALE

Identification

1 is a written requisition placement to purchase supply

2 is a raw material that is coded with brief but complete details like date identification number the
originating department the account to be charged complete descriptions of the robot aerial or service
and others

3 refers to a sequence of interlink undertakings that an organization operating in a specific industry

=VALUE CHAIN

4 our cost incurred for holding inventory in storage like her handling charges warehousing expenses
insurance pilferage incourage taxes and cost of capital

5 is a broad continuum of specific activities employed by a company like purchasing production and
operation logistics and marketing and sales

6 consists of managing the sourcing ordering and inventory storing of raw materials parts and services

7 Ben consists of manufacturing and assembly

8 consist of promoting and selling to consumers

9 consists of efficient warehousing inventory tracking order entry and management and distribution of
and delivery to customer
10 seek to determine when to order

11 refers to the span of time in days it takes for a stack to be delivered from the time interval like

12 is the delivery of stocks all the same time

13 are variable cost associated with blood placing an order with the supplier like managerial and clerical
cost in preparing the purchase

14 is ordering the right quantity of SKU is at minimum inventory cost

15 include materials and supplies used when producing the products but not parts of the products

ENUMERATION

Types of Competitive advantage (2)

1) Differentiation

2) Cost Leadership

Competitive Scope (2)

1) Broad

2) Narrow

Types of Business Level Strategies (5)

1) Focused cost Leadership

3) Integrated Cost Leadership and Differentiation

4) Cost Leadership

5) Differentiation
Essay

What Is a Supply Chain Management Example?

Supply chain management is the practice of coordinating the various activities necessary to produce and
deliver goods and services to a business’s customers. Examples of supply chain activities can include
designing, farming, manufacturing, packaging, or transporting.

Why Is Supply Chain Management Important?

Supply chain management is important because it can help achieve several business objectives. For
instance, controlling manufacturing processes can improve product quality, reducing the risk of recalls
and lawsuits while helping to build a strong consumer brand. At the same time, controls over shipping
procedures can improve customer service by avoiding costly shortages or periods of inventory
oversupply. Overall, supply chain management provides several opportunities for companies to improve
their profit margins and is especially important for companies with large and international operations.

How Are Ethics and Supply Chain Management Related?

Ethics has become an increasingly important aspect of supply chain management, so much so that a set
of principles called supply chain ethics was born. Consumers and investors are invested in how
companies produce their products, treat their workforce, and protect the environment. As a result,
companies respond by instituting measures to reduce waste, improve working conditions, and lessen the
impact on the environment.

What Are the 5 Elements of Supply Chain Management?

Supply chain management has five key elements—planning, sourcing raw materials, manufacturing,
delivery, and returns. The planning phase refers to developing an overall strategy for the supply chain,
while the other four elements specialize in the key requirements for executing that plan. Companies
must develop expertise in all five elements to have an efficient supply chain and avoid expensive
bottlenecks.

What Element of the Marketing Mix Deals With Supply Chain Management?

Place is the marketing mix element that deals with supply chain management as it involves the processes
that take goods and services from their raw beginnings to the ultimate destination—the customer.