Exam 2: Achieving Strategic Fit in a Supply Chain

Explain scope of strategic fit.

A company's product development strategy specifies the portfolio of new products that it will try to develop.

A company's competitive strategy

Seven-Eleven in Japan's operations and distribution strategy focuses on

Wilma has spent a decade perfecting her Hoagie Cannon,which is capable of firing a submarine sandwich as a projectile across a five-mile radius of Upper Darby Township.Customers simply type in their coordinates on Wilma's app,and literally within seconds,they will receive an incoming hoagie with their choice of cold cuts and dressing.Wilma's uncertainty demons are kept at bay with her skillful use of her

Between 1993 and 2006,Dell's competitive strategy was to provide a large variety of customizable products at a reasonable price.Given the focus on customization,Dell's supply chain was designed to

To retain strategic fit,supply chain strategy must be adjusted over the life cycle of a product and as the competitive landscape changes.

What are any four ways that a supply chain can help reduce the impact of uncertain demand and which is most appropriate to use?

The key weakness of the ________ view is that different functions within a firm may have conflicting objectives.

Which of these services facilitates the function of the value chain but is not considered a core element of the supply chain?

The relationship where increasing implied uncertainty from customers and supply sources is best served by increasing responsiveness from the supply chain is known as the

Wilma has invested in a 30,000-square foot warehouse to stock a wide variety of cold cuts and dressings for her hoagie shop in Upper Darby Township.There is no order she has been unable to accept and fill promptly over her forty years in the same location.Wilma's approach to mitigating uncertainty is by the use of

The Boeing 747 was scheduled to take off from Will Rogers Airport bound for Galeão International in just two days and with only four seats booked,the holiday getaway appeared to be a money-losing proposition.Bob lowered the airfare 90% and hoped to make up the loss of logistical revenue by doubling the price of caipirinhas and samba drums throughout the trip.Bob has handled uncertainty using which tool?

To achieve complete strategic fit,a firm must ensure that all functions in the value chain have diverse strategies that support functional goals.

The cost of making and delivering a product to the customer is referred to as

The value chain in a company begins with

Which of the following determines the nature of procurement of raw materials,transportation of materials to and from the company,manufacture of the product or operation to provide the service,and distribution of the product to the customer along with follow-up service?

The first step in achieving strategic fit between competitive and supply chain strategies is to

Which element in the value chain is responsible for transforming inputs into outputs?

A supply chain strategy involves decisions regarding all of the following except