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Supply Chain Management and Sustainability Quiz

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Supply Chain Management and Sustainability Quiz

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Questions and Answers

What does a virtual value network consist of?

A series of market partners working together as a virtual unit (correct)

A series of independent market partners

A single company working independently

A network of physical market locations

What enables 'Virtual Enterprises' in the context of the characteristics mentioned?

Advanced marketing strategies

Financial investments

Traditional business models

Information technology (correct)

What is a key characteristic of a virtual enterprise?

No collaboration between participating companies

Independent operation of participating companies

Temporary merger of core competencies of participating companies (correct)

Permanent merger of participating companies

What does the consolidation framework for business process design aim to achieve?

<p>Cooperation and entirety</p> Signup and view all the answers

What is a result of fast material, information, and cash flows in the context of the characteristics mentioned?

<p>Nimble and scalable operations</p> Signup and view all the answers

Study Notes

Value Creation Models

Traditional Value Creation (Goods-Dominant Logic, GDL)
- Value generated during manufacturing and provided to customers through transactions.
- Focuses on Value-in-Exchange and is consumed by customers.
- Aims to standardize products, services, and processes to reduce costs.
Value Co-Creation (Service-Dominant Logic, SDL)
- Value offers are generated and provided to customers during product usage (Value-in-Use).
- Emphasizes continuous value generation by customers through service engagement.
- Seeks to integrate resources from both providers and customers to enhance value creation.

Information Technology and Value Networks

Information technology facilitates the development of a "Value Network".
A Value Network is a business design leveraging digital supply chain concepts.
Objectives include maximizing customer satisfaction and profitability.
Major competitive factors include time responsiveness and flexibility.
The main goal is to swiftly and adaptively respond to customer requirements.

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Description

Test your knowledge of supply chain management and sustainability with this quiz. Explore the strategic model of "value co-creation" and traditional value creation concepts. Get ready to dive into the world of sustainable supply chain practices.