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BUAD 331 exam 3 questions with answers
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  • BUAD 331

BUAD 331 exam 3Total Relevant Value = - correct answer Total Cost of Ownership + Customer Value Focuses the organization on creating optimal desired value for customers of choice and optimal profit for the supply chain The Order Cycle - correct answer Where demand meets supply order cycle ...

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  • April 27, 2024
  • 11
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • BUAD 331
  • BUAD 331

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BUAD 331 exam 3
Total Relevant Value = - correct answer Total Cost of Ownership + Customer Value
Focuses the organization on creating optimal desired value for customers of choice and optimal profit for
the supply chain
The Order Cycle - correct answer Where demand meets supply order cycle
Interface point between customer demand creation and supply chain fulfillment to create form, time and place value
Steps in administrative and operational handling of orders: Customer or buyer perspective - correct answer Recognition of need, determine what is needed to fulfill need and prepare and transmit order
Steps in administrative and operational handling of orders: Supplier Perspective - correct answer Capture
or receipt of order, entering to determine how to fulfill the desired form value
Order Cycle and Lead Time - correct answer The total elapsed time from when a customer first recognizes need to when the need is fulfilled
Order Cycle process questions/ decisions: - correct answer 1. What should we produce or purchase?
2. How much should we product or purchase?
3. Where and when should we position the product or service to fill the customers demand
Inputs to the supply chain decision process include - correct answer - Inventory balance on hand
- Forecasted type, quantity, time, and place of demand during the next time period
- service level policy
- what quantity constraints do we have and the lead times for various operating processes Results from the Operating Decisions includes: - correct answer - Procurement of sub-components or raw materials to create form value
- Scheduling of production and coordination of personnel and equipment needs
- Determining transportation modes
- Warehouse picking and packing
-Updating and coordinating accompanying information and financial flows to accompany the order
-shipping products to customers
Supply Chain Order Cycle TIme - correct answer The Summation of all the individual cycle times in the supply chain
The time it takes to entire supply chain from point of origin to point of consumption, to plan, source, make and deliver the form, time and place value
Cash-to-cash cycle - correct answer How long it takes to convert the cash paid for raw materials to cash from customer orders/ sales
Planning Horizon and Uncertainty(Creation Concept 1) - correct answer The longer out on the time horizon that we plan for demand to occur (form, time, place) the less accurate it will be
ie- a year from now vs a month from now
Lead Time Gap (Concept 2) - correct answer The difference between the customers desired order cycle time and the the total supply chain order cycle time
-how long the customer is willing to wait and how long it takes the supply chain to deliver on that fulfillment process
Supply chain order cycle time: - correct answer Procurement, manufacturing and delivery of order
Customers order cycle time - correct answer Time that the customer is prepared to wait on order in organizations

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