Strategic Decision-Making in Supply Chain Management

Spoken Exam Simulation

Description

This exam evaluates strategic decision-making processes in supply chain management, focusing on forecasting, supplier relationships, and risk assessment strategies.

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Exam Details

Duration: 55 minutes

Prerequisites: Operations Strategy, Advanced Supply Chain Management, Risk Management Principles

Key Topics

Strategic Decision-Making
Demand Forecasting
Supplier Relationship Management
Risk Assessment

Learning Outcomes

Analyze Strategic Decision Processes
Evaluate Demand Forecasting Techniques
Discuss Supplier Relationships
Assess Risk Management Strategies

Full Description

This exam focuses on strategic decision-making processes crucial to effective supply chain management. Topics include demand forecasting, supplier relationship management, and risk assessment strategies necessary for achieving optimal supply chain performance.

Strategic decisions significantly affect supply chain operations and are fundamental to achieving competitive advantage. Well-made strategic choices lead to improved efficiency, responsiveness, and overall effectiveness in supply chain functions.

Candidates will verbally demonstrate their understanding of strategic decision-making principles, analyze case studies, and evaluate the implications of their decisions on supply chain outcomes.

Comprehension of these principles equips students to make informed decisions in complex supply chain environments, enhancing their professional readiness.

Sample Questions

What criteria should be considered in demand forecasting within supply chains?
How does supplier relationship management impact overall supply chain performance?

Field: Engineering and Technology

Subfield: Industrial Engineering

Specialization: Supply Chain Management

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