Managing Supply Chain Study Set 1

Business

Quiz 2 :
Supply Chain and Operations Strategy

Quiz 2 :
Supply Chain and Operations Strategy

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Which of the following is not one of the strategies in Porter's Generic Strategies model?
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D

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According to Fisher's strategy model,supply chains for function products should focus on being
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A

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According to Fisher's strategy model,supply chains for innovative products should focus on being
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B

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According to Fisher's strategy model,supply chains for custom-built,made-to-order windows should focus on being
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The ability of a supply chain to quickly respond to short-term changes in demand or supply is called
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The capability to adjust a supply chain's design to meet major structural shifts in the market is called
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Zara,a Spanish fashion retailer,is able to have their supply chain design,create,and deliver product in 15 days as compared to a couple of months for their competitors.This gives them the ability to quickly respond to short-term changes in demand and is called
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In the context of firm and SC&O strategy,necessary attributes that allow a firm to enter into and compete in a market are called
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Operations strategy focuses on allocating resources within the firm to provide value to customers.
True False
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Focus strategy,which is part of Porter's generic strategies,focuses on reducing cost.
True False
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Differentiation strategy,which is part of Porter's generic strategies,emphasizes select customers or markets.
True False
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In Fisher's strategy model,functional products require efficient supply chains.
True False
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In Fisher's strategy model,innovative products are matched with efficient supply chains.
True False
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Agility is the capability to adjust a supply chain's design to meet major structural shifts in the market.
True False
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Supply chain adaptability is important to capturing the value of long-terms changes in the competitive market landscape.
True False
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Order winners are minimal necessary attributes that allow a firm to enter into and compete in a market.
True False
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According to Fisher's strategy model,supply chains for functional products should focus on being ________.
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According to Fisher's strategy model,supply chains for innovative products should focus on being ________.
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According to Fisher's strategy model,supply chains for standardized kitchen appliances should focus on being ________.
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The ability of a supply chain to quickly respond to short-term changes in demand or supply is called ________.
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