Final exam mgt301 nau - Study guides, Class notes & Summaries

The bullwhip effect - ️️The increasing fluctuation in orders that often occurs as orders move through the supply chain. The bullwhip effect occurs as orders are relayed from retailers, to distributors, to wholesalers, to manufacturers, with fluctuations increasing at each step in the sequence. The bullwhip fluctuations in the supply chain increase the costs associated with inventory, transportation, shipping, and receiving, while decreasing customer service and profitability. Blanket o...

Outsourcing - Transferring a firm's activities that have traditionally been internal to external suppliers Vendor-managed inventory - a system in which a supplier maintains material for the buyer, often delivering directly to the buyer's using department. Postponement - Delaying any modifications or customization to a product as long as possible in the production process. The concept is to minimize internal variety while maximizing external variety. Blanket order - A long-term purchase c...

Final Exam MGT301 NAU.

Final Exam MGT301 NAU Exam Questions and Answers Outsourcing - ANSWER-Transferring a firm's activities that have traditionally been internal to external suppliers Vendor-managed inventory - ANSWER-a system in which a supplier maintains material for the buyer, often delivering directly to the buyer's using department. Postponement - ANSWER-Delaying any modifications or customization to a product as long as possible in the production process. The concept is to minimize internal variet...

Final Exam MGT301 NAU.

Outsourcing Transferring a firm's activities that have traditionally been internal to external suppliers Vendor-managed inventory a system in which a supplier maintains material for the buyer, often delivering directly to the buyer's using department. Postponement Delaying any modifications or customization to a product as long as possible in the production process. The concept is to minimize internal variety while maximizing external variety. Blanket order A long-term purchase commitme...