Question 1

In Fisher's strategy model,innovative products are matched with efficient supply chains.

Accepted Answer

In Fisher's strategy model, innovative products are matched with responsive supply chains, not efficient supply chains. Efficient supply chains are matched with functional products.

Question 2

Agility is the capability to adjust a supply chain's design to meet major structural shifts in the market.

Accepted Answer

False

Question 3

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

Accepted Answer

Speed is not one of Porter's generic strategies. The three main strategies are cost leadership, differentiation, and focus.

Question 4

Operations strategy focuses on allocating resources within the firm to provide value to customers.

Accepted Answer

This statement is true. Operations strategy involves making decisions about how resources such as labor, materials, and technology will be used to create products or services that meet the needs of customers and provide a competitive advantage for the firm.

Question 5

Supply chain adaptability is important to capturing the value of long-terms changes in the competitive market landscape.

Accepted Answer

Supply chain adaptability allows firms to respond to and capitalize on changes in the competitive market landscape, resulting in long-term value creation. Therefore, it is important for firms to focus on building an adaptable supply chain.

Question 6

Zara,a Spanish fashion retailer is able to have their supply chain design,create,and deliver product in 15 days as compared to couple of months for their competitors.This gives them the ability to quickly respond to short-term changes in demand and is called

Accepted Answer

Zara's ability to design, create, and deliver products in just 15 days is an example of agility in their supply chain. This means they are able to quickly respond to short-term changes in demand and adapt to market trends. The other options, adaptability, lean, and alignment, do not fully capture the concept of being able to rapidly respond to changing demand.

Question 7

Focus strategy,which is part of Porter's generic strategies,focuses on reducing cost.

Accepted Answer

Focus strategy focuses on targeting a specific segment or niche market with specialized products or services, rather than reducing cost.

Question 8

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

Accepted Answer

The answer of According to Fisher's strategy model,supply chains for...

Question 9

According to Fisher's strategy model,supply chains for custom-built made-to-order windows should focus on being

Accepted Answer

Fisher's strategy model suggests that made-to-order products require a responsive supply chain that can quickly and efficiently adjust to changes in demand and customization requests. Efficiency alone may not be enough to meet the specific needs of each customer, and being local or global is not necessarily directly related to responsiveness.

Question 10

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

Accepted Answer

Fisher's strategy model suggests that supply chains for functional (low-demand, predictable) products should focus on being efficient to minimize costs. This means that the supply chain should be designed to have low inventory levels, minimize transportation and production costs, and streamline processes to maximize productivity.

Question 11

According to Fisher's strategy model,supply chains for standardized kitchen appliances should focus on being ________.

Accepted Answer

The answer of According to Fisher's strategy model,supply chains for...

Question 12

Order winners are minimal necessary attributes that allow a firm to enter into and compete in a market.

Accepted Answer

Order winners are the attributes that can differentiate a company's products or services from its competitors and are critical to the customer's decision-making process in choosing a supplier. Minimum necessary attributes are referred to as order qualifiers, which are needed for a firm to be considered as a viable competitor in the market.

Question 13

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

Accepted Answer

According to Fisher's strategy model, supply chains for innovative products should focus on being responsive. This means that the supply chain should be able to quickly respond to changes in demand and adapt to new product designs or features. This flexibility and adaptability is especially important for innovative products, which may require frequent changes and updates. Efficiency, localization, and global reach may also be important factors in supply chain design, but responsiveness is the primary focus for innovative products.

Question 14

In Fisher's strategy model,functional products require efficient supply chains.

Accepted Answer

Fisher's strategy model emphasizes that functional products require efficient supply chains as they have predictable and stable demand patterns, and cost minimization is a key goal.

Question 15

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

Accepted Answer

Order qualifiers are necessary attributes that a firm must possess to be considered as a vendor for a market or product category. These attributes are often the basic requirements set by customers and competitors, and not necessarily the reason why customers choose one firm over another. In other words, order qualifiers are necessary conditions, while order winners are the decisive factors that determine a firm's success in a market. Agility and alignment are important concepts in SC&O strategy, but are not specific to the notion of order qualifiers.

Question 16

The ability of a supply chain to quickly respond to short-term changes in demand or supply is called

Accepted Answer

Agility refers to the ability of a supply chain to quickly respond to short-term changes in demand or supply, making it the best choice for this question. Adaptability refers to the ability to adjust to long-term changes or disruptions, while lean and alignment are related to process efficiency and coordination, respectively, and are not directly related to responsiveness to short-term changes.

Question 17

Differentiation strategy,which is part of Porter's generic strategies,emphasizes select customers or markets.

Accepted Answer

Differentiation strategy focuses on offering unique products or services across the market to all customers, not just select customers or markets.

Question 18

The ability of a supply chain to quickly respond to short-term changes in demand or supply is called ________.

Accepted Answer

The answer of The ability of a supply chain to...

Question 19

The capability to adjust a supply chain's design to meet major structural shifts in the market is called

Accepted Answer

Adaptability refers to the ability of a supply chain to quickly adjust its design and operations in response to changes in the market, such as shifts in demand or disruptions in supply. This requires a flexible and dynamic approach to supply chain management, including the use of advanced technologies, agile processes, and effective collaboration with suppliers and customers. Agility, lean, and alignment are also important concepts in supply chain management, but they refer to different aspects of the supply chain's performance and capabilities.

Question 20

According to Fisher's strategy model,supply chains for functional products should focus on being ________.

Accepted Answer

The answer of According to Fisher's strategy model,supply chains for...

Quiz 2: Supply Chain and Operations Strategy

In Fisher's strategy model,innovative products are matched with efficient supply chains.

Agility is the capability to adjust a supply chain's design to meet major structural shifts in the market.

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

Operations strategy focuses on allocating resources within the firm to provide value to customers.

Supply chain adaptability is important to capturing the value of long-terms changes in the competitive market landscape.

Zara,a Spanish fashion retailer is able to have their supply chain design,create,and deliver product in 15 days as compared to couple of months for their competitors.This gives them the ability to quickly respond to short-term changes in demand and is called

Focus strategy,which is part of Porter's generic strategies,focuses on reducing cost.

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

According to Fisher's strategy model,supply chains for custom-built made-to-order windows should focus on being

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

According to Fisher's strategy model,supply chains for standardized kitchen appliances should focus on being ________.

Order winners are minimal necessary attributes that allow a firm to enter into and compete in a market.

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

In Fisher's strategy model,functional products require efficient supply chains.

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

The ability of a supply chain to quickly respond to short-term changes in demand or supply is called

Differentiation strategy,which is part of Porter's generic strategies,emphasizes select customers or markets.

The ability of a supply chain to quickly respond to short-term changes in demand or supply is called ________.

The capability to adjust a supply chain's design to meet major structural shifts in the market is called

According to Fisher's strategy model,supply chains for functional products should focus on being ________.