Responsive supply chains - Study guides, Class notes & Summaries

SCMN 2150 Test 1 Questions And Answers Verified By An Expert What is Supply Chain Management? - ANS the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - ANS It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Co...

Define Operations Management the set of activities that create value of goods and services by transforming inputs into outputs Basic Management Functions -Planning -Organizing -Staffing -Leading -Controlling What are the 10 Strategic Decisions? 1. Design of goods and services 2. Managing quality 3. Process and capacity design 4. Location strategy 5. Layout strategy 6. Human resources and job design 7. Supply-chain management 8. Inventory management 9. Scheduling 1...

ENG1512 Assignment 2 Semester 1 2024 ;100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)...........Question 1: Language editing 1.1 The following passage has grammatical errors. Edit and improve the passage by re-writing the grammatically acceptable version of the passage. Do NOT change the original passage. Module Code: ENG1512 Assignment: 02 Marks: 100 Unique Number: 714511 Due Date: 04 April 2024 Clo...

Describe how Toyota revolutionized the manufacturing process correct answers Developed the JIT system Just in time ensured parts where on hand for breakdowns and if a problem was created a team would pause their task and work together What are the features of the new model of progressive purchasing? correct answers 1. Closer relationships with key suppliers 2. Performing due diligence on suppliers before awarding long-term contracts 3. Conducting worldwide searches for the best sources ...

MSC 611 Exam 1 All Answers Correct 73% more profitable ️Only 7% of companies today are effectively managing their supply chain. However, these companies are ... than other manufacturers." demand, sales ️The goal of forecasting is to predict ____, yet our data is often in terms of ____. forecast bias ️when a procedure consistently products forecasts that are higher or lower than actual demand 6 rules for effective forecasting (Saffo 2007) ️define a cone of uncertainty, look f...

responsive supply chains - ANSWER-Speed Focused. Innovative Products Efficient Supply Chain - ANSWER-Cost Focused Good for Functional Products Functional Products - ANSWER-Predictable demand Low inventory cost long product life low inventory cost low product variety low stockout and obsolescence cost Stockout - ANSWER-an event that occurs when no inventory is available Innovative Products - ANSWER-High demand uncertainty short product life high inventory cost high profi...

IDIS 343 Final Real Exam | Questions with Verified 100% Correct Answers 2024 Which of the following product characteristics is the most related to the utilization of the transportation equipment and the inventory space? •Value-to-weight ratio Value of the product Weight-to-volume ratio Substitutability Correct Answer Weight to Volume Ratio Which of the following products would more likely need a responsive supply chain? Ball point pens Christmas ornaments Customized birthday gifts...

responsive supply chains correct answer: Speed Focused. Innovative Products Efficient Supply Chain correct answer: Cost Focused Good for Functional Products Functional Products correct answer: Predictable demand Low inventory cost long product life low inventory cost low product variety low stockout and obsolescence cost Stockout correct answer: an event that occurs when no inventory is available Innovative Products correct answer: High demand uncertainty short produ...

SCM 300 (Test 2) CASE: Rapid Fire Fulfillment Exam Questions With Verified And Updated Solutions. What were the key lessons Ortega took away from his early scare? - answerTo be successful, "you need to have 5 fingers touching the factory and 5 touching the customer." Translation: Control what happens to your product until the customer buys it. What are some of the things Zara can do because of the super-responsive supply chain it has built? - answerThey can ramp up or down production of...

What were the key lessons Ortega took away from his early scare? Ans: To be successful, "you need to have 5 fingers touching the factory and 5 touching the customer." Translation: Control what happens to your product until the customer buys it. What are some of the things Zara can do because of the super-responsive supply chain it has built? Ans: They can ramp up or down production of specific garments quickly and conveniently because it normally operates many of its factories for on...