Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use (Inventory Turnover and Order Fulfillment Cycle Time) as metrics to evaluate Ford and Apple's supply chain performance. Suggest improvements to their supply chains' design
Use (Inventory Turnover and Order Fulfillment Cycle Time) as metrics to evaluate Ford and Apple's supply chain performance. Suggest improvements to their supply chains' design and operations. Strategies to Improve Inventory Turnover: 1. Proper forecasting 2. Automation 3. Effective marketing 4. Encourage sale of old stock 5. Efficient restocking 6. Smart pricing strategy 7. Negotiate price rates regularly 8. Encourage your customers to preorder 9. Stock inventory that sells 10. Speed up the shipping Strategies for Improving Order Cycle Time: 1. Streamline Your Order Processing: 2. Inventory Optimization 3. Efficient Warehouse Management: 4. Route Optimization: 5. Real-Time Tracking: 6. Supplier Collaboration: 7. Continuous Improvement: 8. Invest in Technology: 9. Employee Training: 10. Customer Feedback
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