Cima E3 Exam Question No 45

Question No 45:

Strategic Supply chain management the strategic supply wheel illustrated by Cousin's?

• Portfolio of relationships e.g. high collaboration with suppliers
• Skills and competences e g. develop skills internally
• Strategic performance measures e.g. monitor and control supply chain
• Cost-benefit analysis e.g. over strategic approaches
• Organisational structure e.g. support effective supply chain management

Cima E3 Exam Question No 44

Question No 44:

Definition of strategic supply chain management?

Strategies to achieve greater integration of the supply chain from raw material to the ultimate final sale and disposal of a finished product or service.

Effective supply chain management can be crucial for an organisation to gain competitive advantage e.g. higher quality, lower cost, quicker delivery etc.

A supply chain is an example of a supply network, raw materials, components, finished goods and services, are procured as a product passes through a chain of processes that supply one another and at each stage 'adds value' to the customer in some way.

Cima E3 Exam Question No 43

Question No 43:

Definition of Offshore outsourcing?

Offshore outsourcing is BPO contracted outside the company's country. Examples from the UK and US, have included overseas development of information technology e.g. programming or software development, customer call centers, processing insurance claims, and even research and development. In either case the process is performed in another country to where the product or service is actually developed or manufactured.

Cima E3 Exam Question No 42

Question No 42:

Differentiation between Michael Porter's competitive generic strategies / Broad Target?
Differentiation
Offering a product or service with certain characteristics or features that are unique and distinct relative to the competition.