Vertical integration refers to: a.The relation of the firm with its suppliers. b.Mergers and acquisitions of other parts of the value chain in which the firm does not currently operate. c.The relation of the firm with its customers. d.Mergers and acquisitions in the value chains of other industries which are unrelated to the firm's current value chain
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Vertical integration refers to:
a.The relation of the firm with its suppliers.
b.Mergers and acquisitions of other parts of the value chain in which the firm does not currently operate.
c.The relation of the firm with its customers.
d.Mergers and acquisitions in the value chains of other industries which are unrelated to the firm's current value chain
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- Identify the concepts and their corresponding description, obtained from the survey of a construction company: In the context of a construction company, it is required to maintain the organization of different works that the company carries out. Our client is in the habit of organizing a set of tasks into what is called a batch. Items are used as units of work intermediate level, to which a limited amount of material can be assigned to fulfill the tasks that compose them. It is necessary to distinguish the suppliers and the prices of each material, even if there is only one supplier for each material. Although rare, tasks can have an associated machine; but generally, they have more than one. The machines are not related to the work other than by the tasks and the items; and only operators with category “A” can operate them. All workers are paid according to their category and the hours worked, regardless of the work. ➢ Carry out the definition of the types of objects found. ➢ Develop…One of the benefits of using the markets is: a. Avoiding coordination issues among two or more companies. b. Make use of economies of scale that our own firm can not achieve for this part of the value chain. c. Lowering the transactions costs involved in internal processes. d. Safeguarding against the loss of valuable private information that our own firm has with regards to its customers.The decision to place a certain volume of business with a supplier does not have to be based on sound set of criteria/ True False
- A well-planned information and product flow provide a competitive advantage in terms of both prices and service levels. Automation of orders and supply chain management in accordance with real-time market needs is required to minimize the possibility of errors. Which of the drivers of supply chain excellence in your view is the most important in achieving the needed competitive advantage.There are a number of significant problems that the SMCP must strategically address. Members' Lack of Commitment: SMCP suffers from a lack of commitment among its members. Individuals join the organization for a variety of reasons, ranging from skill development and learning to leisure. This impedes SMCP's overall development and capacity to fulfill its objectives. Unorganized Organizational Chart: SMCP's existing organizational structure is disorganized and unclear. The executive board is made up of four of the five founders, with one acting as president. Inconsistencies and uncertainty in decision-making processes might result from this setup. Transparency and Dependability of Elected Officers: While the president is responsible for defining policies and managing strategic planning, other board members might influence their decision-making. This lack of responsibility and dependability in day-to-day tasks impedes effective leadership and the achievement of the organization's goals.…Which of the following is not a component in a supply chain management framework? O a. Leadership O b. Human resource development O c. Purchasing O d. Quality management
- Within the value chain "support functions are" the: a. support activities provided to other internal business functions b. coordination and assembly of resources to produce a product or deliver a service c. mechanisms by which companies deliver products or services d. support activities provided to the customer1. A hotel tries to reduce the perishability of its services by selling last minute inventory at a highly discounted price. This technique presents threats to a company’s: A. Brand image B: Variability of services C: Relationships with suppliers D: Human resources turnover 2. Sometimes, hotel and airline companies upgrade guests to higher-end services. For such services, there are not a lot of word-of-mouth, reviews, or pictures available. For example, a hotel may upgrade a guest who paid for a regular room to a suite in order for the guest to experience an upscale product that the customer does not purchase often, but may purchase in the future. This situation, where a guest may experience an unfamiliar upscale service for the first time, is likely to result in a __________ in the __________ of services. A: increase, intangibility B: reduction, intangibility C: reduction, variability D: increase, variability 3. In hospitality and travel industries, customers and frontline…6. Which of the following refers to the system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?A. Supply chain B. Value chain C. Business model D. Prototype
- System design refers to: Select one: a. New product fit in existing organisation processes b. Review of target market requirements c. All of these d. Detailed design specifications e. Design match to strategy Order winners are goods or services that customers Select one: a. Consider buying b. Can afford to buy c. Actually buy d. Lay-bye Supply side of the supply chain is referred to as Select one: a. None of these b. Downstream c. Upstream d. Forward integration e. Vertical integrationWhich of the following are significant ways in which service systems differ from manufacturing systemsCRM systems do benefit the companies. Argue against or in support of the above statement.