Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE HELP ASAP BEFORE MIDNIGHT Supply chain management involves a. aligning the work inside your company with the things that are happening outside your company
PLEASE HELP ASAP BEFORE MIDNIGHT
Supply chain management involves
a. | aligning the work inside your company with the things that are happening outside your company | |
b. | planning and coordinating relationships between all the people, processes and technology involved in delivering products to your customers | |
c. | understanding who your customers are and why they are buying your product or service | |
d. | all of the above |
As far as it relates to the purchasing function, a common cost-reduction strategy is to
a. | design more efficient supply chain systems | |
b. | switch from one mode of transportation to another mode to lower costs | |
c. | consolidate many small shipments into one large shipment to lower shipping costs | |
d. | buy in larger quantities to get a volume discount |
To reduce the bullwhip effect, companies can
a. | improve communications between manufacturer, wholesaler and store | |
b. | improve forecasting between supply chain partners | |
c. | make batches smaller (not manufacturing a lot of the product) | |
d. | all of the above |
Which of the following is Not an example of a quantitative measure or metric
a. | customer satisfaction | |
b. | current inventory level | |
c. | amount of money spent on transportation | |
d. | how long it takes for inventory to sell |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started