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Chapter 11...

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Ope r at i onsManag e me nt ,1 2e( He i z er / Re nde r / Muns on) Cha pt e r1 1Suppl yChai nMana ge me nt Se c t i on1 TheSuppl yCha i n' sSt r a t e gi cI mpor t anc e 1 )Eve nt houghafir m ma yha veal ow c os ts t r a t e gy , s uppl yc ha i ns t r a t e gyc a ns e l e c ts uppl i e r spr i ma r i l y onr e s pons eordi ffe r e nt i a t i on. Ans we r :F ALSE Di ff: 2 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr oa c he st os uppl yc ha i nde s i gn

2 )Thes uppl yc ha i nf orabr e we r ywoul di nc l uder a wi ngr e di e nt ss uc ha shopsa ndba r l e ybutnott he ma nuf a c t ur e dg oodss uc hasbot t l e sa ndc a ns . Ans we r :F ALSE Di ff: 2 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

3 )Whe nus i ngt hel owc os ts t r a t e gyf ors uppl yc ha i nma na ge me nt ,afir ms houl dus ebuffe rs t oc kst o e ns ur es pe e dys uppl y . Ans we r :F ALSE Di ff: 2 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

4 )S a vi ngsi nt hes uppl yc ha i ne x e r tmor el e ve r a gea st hefir m' sne tpr ofitma r gi nde c r e a s e s . Ans we r :TRUE Di ff: 3 Ke yT e r m:Suppl yc ha i nma na ge me nt AACS B:Re fle c t i vet hi nki ng Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

5 )Afir mt ha te mpl o ysar e s pons es t r a t e gys houl dmi ni mi z ei nve nt or yt hr oughoutt hes uppl yc ha i n. Ans we r :F ALSE Di ff: 2 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

1 Co pyr i ght©20 1 7Pe a r s onEduc a t i on,I nc .

6 )Suppl yc ha i nde c i s i onsa r enotge ne r a l l ys t r a t e gi ci nna t ur e , be c a us epur c has i ngi snotal a r gee x pe ns e f ormos tfir ms . Ans we r :F ALSE Di ff: 1 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

7 )Be c a us es e r vi c efir msdonota c qui r egoodsa nds e r vi c e se x t e r na l l y , t he i rs uppl yc ha i nma na ge me nt i s s ue sa r ei ns i gni fic a nt . Ans we r :F ALSE Di ff: 1 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

8 )Whi c hoft hef ol l o wi ngc ha r a c t e r i s t i c si sNOTc ommont oa l lf ourofDa r de nRe s t a ur a nt s ' s uppl y c ha nne l s ? A)s uppl i e rqua l i fic a t i on B)pr oduc tt r ac ki ng C)i nde pe nde nta udi t s D)r e f r i ge r a t i on E)j us t i nt i mede l i v e r y Ans we r :D Di ff: 2 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

9 )Whi c hoft hef ol l o wi ngwoul dNOTt ypi c a l l ybec ons i de r e da spa r tofama nuf a c t ur i ngfir m' ss uppl y c ha i n? A)s uppl i e r s B)di s t r i but or s C)whol e s a l e r s D)r e t a i l e r s E)l a nds c a pi ngc ont r a c t or s Ans we r :E Di ff: 1 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

2 Co pyr i ght©20 1 7Pe a r s onEduc a t i on,I nc .

1 0 )I nmos tma nuf a c t ur i ngi ndus t r i e s ,whi c hoft hef ol l owi ngwoul dl i ke l yr e pr e s e ntt hel a r ge s tc os tt ot he fir m? A)t r a ns por t a t i on B)pur c ha s i ng C)i ns ur a nc e D)fina nc i ng E)a dv e r t i s i ng Ans we r :B Di ff: 3 Ke yT e r m:Suppl yc ha i nma na ge me nt AACS B:Re fle c t i vet hi nki ng Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

1 1 )Amongwhi c hoft hef ol l o wi ngi ndus t r i e sa r epur c ha s i ngc os t st heLOWESTpe r c e nt a geofs a l e s ? A)a ut omobi l e B)pe t r ol e um C)r e s t a ur a nt s D)l umbe r E)c he mi c a l Ans we r :C Di ff: 3 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

1 2 )Whi c hoft hef ol l o wi ngi sapr i ma r ys uppl i e rs e l e c t i onc r i t e r i onf orafir m pur s ui ngadi ffe r e nt i a t i on s t r a t e gy ? A)pr oduc tde ve l opme nts ki l l s B)c os t C)c a pa c i t y D)s pe e d E)fle xi bi l i t y Ans we r :A Di ff: 2 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

1 3 )Forwhi c hc or por a t es t r a t e gy( i e s )s houl ds uppl yc ha i ni nve nt or ybemi ni mi z e d? A)l o wc os t B)r e s pons e C)di ffe r e nt i a t i on D)l o wc os ta ndr e s pons e E)l o wc os ta nddi ffe r e nt i a t i on Ans we r :E Di ff: 2 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

1 4 )Whi c hoft hef ol l o wi ngs t a t e me nt si st r uer e ga r di ngt hel e ve r a geofs uppl yc ha i ns a vi ngs ? A)Suppl yc ha i nl e v e r a gei sa boutt hes a mef ora l li ndus t r i e s . B)Suppl yc ha i ns a vi ngse x e r tmor el e ve r a gea st hefir m' spur c ha s e sa r eas ma l l e rpe r c e ntofs a l e s . C)Suppl yc ha i ns a vi ngse x e r tmor el e ve r a gea st hefir m' sne tpr ofitmar gi nde c r e a s e s . D)Suppl yc hai nl e ve r a gede pe ndsonl yupont hepe r c e ntofs a l e ss pe nti nt hes uppl yc ha i n. E)Noneoft hea bovei st r ue . 3 Co pyr i ght©20 1 7Pe a r s onEduc a t i on,I nc .

Ans we r :C Di ff: 3 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

1 5 )_ _ _ _ __ _ _de s c r i be st hec oor di na t i onofa l ls uppl yc hai na c t i vi t i e s ,s t a r t i ngwi t hr a w ma t e r i a l sa nd e ndi ngwi t has a t i s fie dc us t ome r . Ans we r :S uppl yc ha i nma na ge me nt Di ff: 1 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

1 6 )Ast hec or por a t ea ndope r a t i onsma na ge me nts t r a t e gi e sva r yf r om l ow c os tt or e s pons et o di ffe r e nt i a t i on, how doe st hi si mpa c tt hec r i t e r i aus e df ors e l e c t i ngs uppl i e r s ? Ans we r :Thes uppl yc ha i nmus ts uppor tt heope r a t i onsma na ge me nts t r a t e gy . Forafir m us i ngt hel o wc os ts t r a t e gy , s uppl i e rs e l e c t i ons houl dbeba s e dpr i ma r i l yonc os t .Whe nus i ngt her e s pons es t r a t e gy , t he s e l e c t i onc r i t e r i aa r ec a pa c i t y ,s pe e d,a ndfle x i bi l i t y .F ort hedi ffe r e nt i a t i ons t r a t e gy , t hes uppl i e ri ss e l e c t e d ba s e donpr oduc tde v e l opme nts ki l l s , t hede gr e et owhi c hi ti swi l l i ngt os ha r ei nf or ma t i on, a ndt he de gr e et owhi c hi tc a nj oi nt l yandr a pi dl yde ve l opne w pr oduc t s . Di ff: 3 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

1 7 )Ho w doe st hepur s ui tofar e s pons es t r a t e gyi mpa c tt hes uppl yc ha i nde c i s i onsof :( 1 )pr i ma r y s uppl i e rs e l e c t i onc r i t e r i a , ( 2 )s uppl yc ha i ni nve nt or y , ( 3 )di s t r i but i onne t wor k,a nd( 4 )pr oduc tde s i gn c ha r a c t e r i s t i c s ? Ans we r : ( 1 )Suppl i e r ss houl dbes e l e c t e dpr i ma r i l yba s e donc a pa c i t y ,s pe e d, a ndfle xi bi l i t y . ( 2 )Thefir ms houl dus ebuffe rs t oc kst oe ns ur es pe e dys uppl y . ( 3 )Thefir ms houl dus ef a s tt r a ns por t a t i on,a ndi ts houl dpr ovi depr e mi um c us t ome rs e r vi c e . ( 4 )Pr oduc t ss houl dha vel o ws e t upt i me s ,a ndt he ys houl dbepoi s e df orr a pi dpr oduc t i onr a mpup. Di ff: 3 Ke yT e r m:Suppl yc ha i nma na ge me nt Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

4 Co pyr i ght©20 1 7Pe a r s onEduc a t i on,I nc .

1 8 )Agr oc e r yc ha i ni si nt e r e s t e di ne xpl or i ngt hei mpa c te ffe c t i ves uppl yc ha i nma na ge me ntwoul dha ve . Suppos et ha tf ore v e r y$ 1ofs a l e s ,4 %i spr ofit , 50 %i ss pe nti nt hes uppl yc ha i n,a ndt her e ma i ni ng4 6 %i s e ve nl ydi vi de dbe t we e nfix e da ndpr oduc t i onc os t s .I ft hec ha i nc a ns a v e$ 1i nt hes uppl yc ha i ni twoul d t a keho w ma nydol l a r sofi nc r e a s e ds a l e st oha v et hes a mei nc r e a s ei npr ofit ?As s umet ha tfix e dc os t sa r e fix e ds ot ha tt hepor t i onofi nc r e a s e ds a l e sa l l oc a t e dt ofix e dc os t si si ns t e a dpr ofit( 2 7% pr ofitmar gi n c ombi ne dnow) . Ans we r :S uppos ei ni t i a l l yt hefir ms e l l s$ 1 0 0ofme r c ha ndi s e .$ 5 0i ss pe nti nt hes uppl yc ha i n,$ 2 3i nfix e d c os t s , $ 23i nva r i a bl ec os t s ,a nd$ 4i spr ofit .Ani nc r e a s ei ns a l e sof$ Xwoul di nc r e a s er e ve nueb yXbut i nc r e a s ec os t sb yX∗ ( . 5+. 2 3) . The r e f or epr ofitwoul dbei nc r e as e dbyr e ve nue-c os t s=X-( . 7 3 X) . The r e f or e. 27 X( pr ofit% ∗ s a l e s )=1 ( pr ofitr e q)a nds ol vi nggi v e sX=$ 3 . 7 0ofi nc r e a s e ds a l e syi e l dsa n a ddi t i ona l$ 1ofpr ofit . Di ff: 3 Ke yT e r m:Suppl yc ha i nma na ge me nt AACS B:Ana l yt i c a lt hi nki ng Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

1 9 )Ac ompa nyi sde c i di ngwhe r et oa s s i gni t ss umme ri nt e r n. Thema na ge re s t i ma t e st ha tt hei nt e r nc a n s a ve$ 1 0 , 0 0 0i nt hes uppl yc ha i nori nc r e a s es a l e s( r e v e nue )b y$2 5 , 0 0 0 .I fs a l e s( r e ve nue )i sdi vi de di nt o t het hr e ec a t e gor i e ss ho wni nt het a bl e ,whe r es houl dt hema na ge ra s s i gnt hei nt e r nt oma xi mi z epr ofit s ?

% ofc ur r e nt s a l e s( r e ve nue )

Suppl yCha i n Cos t s

Pr oduc t i on Cos t s

3 5

2 5

Pr ofit s 4 0

Ans we r :Thei nt e r nwoul ds a ve$ 1 0 , 0 0 0i nt hes uppl yc ha i n,ors how apr ofitof$ 1 0 k.Pr ofitf r om t he i nc r e a s ei ns a l e swoul dbee qua lt or e ve nue-c os t s .I fr e ve nuei sX,t he nc os t swoul dbe( . 3 5 +. 2 5 ) X. Thus pr ofitwoul dbeX-. 6 Xors i mpl y. 4 X.$ 2 5 , 0 0 0 ( . 4 )=$ 10 , 0 0 0s ot hema na ge ri sne ut r a lonwhe r et oa s s i gn t hei nt e r n. Di ff: 2 Ke yT e r m:Suppl yc ha i nma na ge me nt AACS B:Ana l yt i c a lt hi nki ng Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

5 Co pyr i ght©20 1 7Pe a r s onEduc a t i on,I nc .

2 0 )Ac ompa nyi sde c i di ngwhe r et oa s s i gni t ss umme ri nt e r n. Thema na ge re s t i ma t e st ha tt hei nt e r nc a n s a vet hec ompa ny$ 1 0 , 0 0 0i ns uppl yc ha i nc os t s . Gi ve nt het abl ebe l ow, wha ti nc r e a s ei ns a l e s( r e ve nue )by t hei nt e r ni sr e qui r e dt os how a ne qualpr ofit ? Suppl yCha i n Va r i a bl eCos t s c os t s ( ma t e r i a l s ) % ofc ur r e nt s a l e s( r e ve nue )

3 5

2 5

Pr ofit s 4 0

Ans we r :Addi t i ona ls a l e swoul di nc r e a s ec os t sb y( . 3 5 +. 2 5 )×Sa l e s . Pr ofitwoul dt he r e f or ebeX-. 6 X=. 4 X,whe r eXi st hei nc r e a s ei ns a l e s( r e ve nue ) .Sol vef orwhe n. 4 X=1 0 , 0 0 0orX=$ 2 5 , 0 0 0r e qui r e di n i nc r e a s e ds al e st oa c c ountf ort hes a mepr ofitl e v e l . Di ff: 3 Ke yT e r m:Suppl yc ha i nma na ge me nt AACS B:Ana l yt i c a lt hi nki ng Obj e c t i ve :LO11 . 1Ex pl a i nt hes t r a t e gi ci mpor t anc eoft hes uppl yc ha i n Le ar ni ngOut c ome :Compa r ec ommona ppr o a c he st os uppl yc ha i nde s i gn

Se c t i on2 Sour c i ngI s s ue s : Ma ke or Buyvs .Out s our c i ng 1 )Out s our c i ngr e f e r st ot r a ns f e r r i ngafir m' sa c t i vi t i e st ha tha vet r a di t i ona l l ybe e ni nt e r na lt oe x t e r na l s uppl i e r s . Ans we r :TRUE Di ff: 2 Ke yT e r m:Out s our c i ng Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

2 )Out s our c i ngi saf or m ofs pe c i a l i z a t i ont ha ta l l o wst heout s our c i ngfir mt of oc usoni t ske ys uc c e s s f a c t or s . Ans we r :TRUE Di ff: 2 Ke yT e r m:Out s our c i ng Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

3 )Theobj e c t i v eoft hema ke or buyde c i s i oni st ohe l pi de nt i f yt hepr oduc t sa nds e r vi c e st ha tc a nbe obt a i ne de xt e r na l l y . Ans we r :TRUE Di ff: 2 Ke yT e r m:Ma ke or buyde c i s i on Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

6 Co pyr i ght©20 1 7Pe a r s onEduc a t i on,I nc .

4 )Out s our c i ng: A)t r a ns f e r st r a di t i ona li nt e r na la c t i vi t i e st oout s i deve ndor s . B)ut i l i z e st hee ffic i e nc yt ha tc ome swi t hs pe c i a l i z a t i on. C)a l l o wst heout s our c i ngfir mt of oc usoni t ske ys uc c e s sf a c t or s . D)Al loft hea bovea r et r ueofout s our c i ng. E)Noneoft hea bovei st r ueofout s our c i ng . Ans we r :D Di ff: 2 Ke yT e r m:Out s our c i ng Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

5 )Thet r a ns f e rofs omeofwha ta r et r a di t i ona li nt e r na lac t i vi t i e sa ndr e s our c e sofafir mt oout s i de ve ndor si s : A)as t anda r dus eoft hema ke or buyde c i s i on. B)nota l l o we dbyt hee t hi c sc odeoft heSuppl yMa na ge me ntI ns t i t ut e . C)offs hor i ng. D)out s our c i ng . E)k e i r e t s u. Ans we r :D Di ff: 2 Ke yT e r m:Out s our c i ng Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

6 )The_ _ _ _ _ _ __de c i s i oni nvol ve sc hoos i ngbe t we e npr oduc i ngac ompone ntoras e r vi c ei nt e r na l l ya nd pur c ha s i ngi te x t e r na l l y . Ans we r :ma ke or buy Di ff: 1 Ke yT e r m:Ma ke or buyde c i s i on Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

7 )Tr a ns f e r r i ngt oe xt e r na lv e ndor safir m' sa c t i vi t i e st ha tha vet r a di t i ona l l ybe e ni nt e r na li skno wna s _ _ _ _ _ _ __ . Ans we r :out s our c i ng Di ff: 1 Ke yT e r m:Out s our c i ng Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

Se c t i on3 Si xSour c i ngSt r a t e gi e s 1 )Wi t ht he" manys uppl i e r s "s our c i ngs t r a t e gy ,t heor de rus ua l l yg oe st ot hes uppl i e rt ha toffe r st he hi ghe s tqua l i t y . Ans we r :F ALSE Di ff: 2 Obj e c t i ve :LO11 . 2I de nt i f ys i xs our c i ngs t r a t e gi e s Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

7 Co pyr i ght©20 1 7Pe a r s onEduc a t i on,I nc .

2 )Ve r t i c a li nt e gr a t i on,whe t he rf or wa r dorba c kwa r d,r e qui r e st hefir mt obe c omemor es pe c i a l i z e d. Ans we r :F ALSE Di ff: 2 Ke yT e r m:Ve r t i c a li nt e gr a t i on Obj e c t i ve :LO11 . 2I de nt i f ys i xs our c i ngs t r a t e gi e s Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

3 )Af a s t f oodr e t a i l e rt ha ta c qui r e das pi c emanuf a c t ur e rwoul dbepr ac t i c i ngbac kwa r di nt e gr a t i on. Ans we r :TRUE Di ff: 2 Ke yT e r m:Ve r t i c a li nt e gr a t i on AACS B:Re fle c t i vet hi nki ng Obj e c t i ve :LO11 . 2I de nt i f ys i xs our c i ngs t r a t e gi e s Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

4 )Ke i r e t s ur e f e r st oac ompa nyc oa l i t i ont ha ti spa r tc ol l a bor a t i on,pa r tpur c ha s i ngf r om ma nys uppl i e r s , a ndpa r tve r t i c a li nt e gr a t i on. Ans we r :F ALSE Di ff: 2 Ke yT e r m:Ke i r e t s u Obj e c t i ve :LO11 . 2I de nt i f ys i xs our c i ngs t r a t e gi e s Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

5 )Whi c honeoft hef ol l o wi ngi sNOToneoft hes i xs our c i ngs t r a t e gi e s ? A)ne got i a t i onwi t hma nys uppl i e r s B)v e r t i c a li nt e gr a t i on C)k e i r e t s u D)s hor t t e r mr e l a t i ons hi pswi t hf e ws uppl i e r s E)vi r t ua lc ompa ni e s Ans we r :D Di ff: 2 Obj e c t i ve :LO11 . 2I de nt i f ys i xs our c i ngs t r a t e gi e s Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

6 )Adi s adva nt a geoft he" f e ws uppl i e r s "s our c i ngs t r a t e gyi s : A)t her i s kofno tbe i ngr e adyf ort e c hnol ogi c a lc ha nge . B)t hel a c kofc os ts a vi ngsf orc us t ome r sa nds uppl i e r s . C)pos s i bl evi ol a t i onsoft heS he r ma nAnt i t r us tAc t . D)t hehi ghc os tofc ha ngi ngpa r t ne r s . E)t hes uppl i e r sa r el e s sl i k e l yt ounde r s t a ndt hebr oa dobj e c t i ve soft hepr oc ur i ngfir ma ndt hee nd c us t ome r . Ans we r :D Di ff: 2 Obj e c t i ve :LO11 . 2I de nt i f ys i xs our c i ngs t r a t e gi e s Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

8 Co pyr i ght©20 1 7Pe a r s onEduc a t i on,I nc .

7 )Whi c hs our c i ngs t r a t e gyi spa r t i c ul ar l yc ommonwhe nt hepr oduc t sbe i ngs our c e da r ec ommodi t i e s ? A)f e ws uppl i e r s B)ma nys uppl i e r s C)k e i r e t s u D)ve r t i c ali nt e gr a t i on E)vi r t ua lc ompa ni e s Ans we r :B Di ff: 2 Obj e c t i ve :LO11 . 2I de nt i f ys i xs our c i ngs t r a t e gi e s Le ar ni ngOut c ome :Compa r ea ndc ont r a s tdi ffe r e nts our c i ngs t r a t e gi e si nc l udi ngout s our c i ngandi ns our c i ng

8 )Whi c hoft hef ol l o wi ngi sNOTa na dvant ...