Exam 6: Supply Chain Design

Steve, an entrepreneur, decides to open a flower shop and looks for an appropriate location for his shop. He wants to use the center-of-gravity method for the purpose. He researches the zip codes in his area and finds the following information: Identify a true statement about the best center of gravity for the possible shop location.

Zara's value chain model focuses on two basic rules: "Give customers what they want, and get it to them faster than anyone else."

At Blyrie Apparels, the apparel stocks in the firm's outlets are changed every week. This is based on the changing fashion preferences of its customers. Its managers also coordinate in real-time among its other stores and satisfy its customers' requirements. In this case, Blyrie Apparels most likely uses _____.

Third-party logistics providers can leverage business intelligence and analytics to create efficiencies and economies of scale in the supply chain.

Greyon Suits, a company that specializes in making hand-made suits, moved its sourcing and operations from Lumeria back to its home country. This led to easier management and decreased carbon footprint. In this case, Greyon Suits is involved in _____.

Which of the following is considered economic factors in location decisions

Which of the following statements is true of outsourcing decisions

Which of the following statements is true of a responsive supply chain

In the context of sourcing, a single supplier often provides economies of scale and the ability to form close partnerships.

__________is a noneconomic factor in location decisions.

Supply chain optimization includes minimizing the total costs of manufacturing and transportation, which might consider sourcing, distribution, and placement of inventory throughout the supply chain.

A firm that specializes in certain types of goods-producing activities, such as customized design, manufacturing, assembly, and packaging, and works for end users is called a _____.