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OPERATIONS AND SUPPLY CHAIN MANAGEMENT EXAM 3 QUESTIONS AND ANSWERS $9.00   Add to cart

Exam (elaborations)

OPERATIONS AND SUPPLY CHAIN MANAGEMENT EXAM 3 QUESTIONS AND ANSWERS

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  • Course
  • Global Operations & Supply Chain Management
  • Institution
  • Global Operations & Supply Chain Management

OPERATIONS AND SUPPLY CHAIN MANAGEMENT EXAM 3 QUESTIONS AND ANSWERS

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  • September 20, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Global Operations & Supply Chain Management
  • Global Operations & Supply Chain Management
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Inventory replenishment models


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•Single-Period Replenishment
•Fixed Order-Quantity Replenishment
•Fixed Time-Period Replenishment

,What is Safety Stock?


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amount of Inventory needed to minimize potential Out-of-Stocks




List at least three advantages or disadvantages of using Cloud Computing.


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1. Scalable solution
2. 24x7x365 technical support
3. Redundancy
4. Disaster recovery
5. Dynamic storage
6. Dynamic updates
7. Lower Fixed Costs
8. Pay for what you use




LUC


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, Least Unit Cost

"use when we want the lowest cost at a given point in time"


Considers the total Ordering and Inventory Holding costs for each lot size
and divides those costs by the units in the lot to determine Cost per Unit at
a given time in the system.




Why is business climate a location consideration?


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• Favorable laws
• Workforce Education and Availability
• Similar businesses (consider Hollywood, Wall Street, City Malls)
• Taxing Policies




Single-Period Replenishment


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▪ One-time purchase of an item
▪ Fashion/Seasonal/Time-dependent

Plane tickets, seasonal designer items




What is RFID?


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