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MGT 8803 - SUPPLY CHAIN EXAM (
UPDATE QUESTIONS AND
ANSWERS.
Long Term Decisions strategic, competitive -network configuration -supply chain model -outsourcing -vertical integration (become own supplier)
Medium Term Decisions Tactical, planning -lean -Sales & operations planning -inventory management
efficient supply chain
- / 3
When is decentralized strategy more appropriate?
- high demand uncertainty
-high velocity -need to reduce lead times -many points of sale -high cost per weight -high delivery responsiveness -more delivery customization responsive supply chain
Outsourcing obtaining of any resource or process external to the company
Why should you outsource?-reduce and control costs -increase flexibility & speed -decrease lead times -increase innovation capability -focus on core capabilities 2 / 3
-gain access to world class capabilities -free internal resources for other purposes -insufficient resources are available internally -share risks with a partner company
Offshoring obtaining of any resource or process external to the company and across the ocean ex. customer service in India for company
Offshoring Factors -innovation/technical capability -quality -capacity -lead time -delivery -cost//price -dependability -supply chain capability -location
- / 3
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