Expediting - Study guides, Class notes & Summaries

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OPMA 317|116  Final Exam Review Questions With Complete Solutions
  • OPMA 317|116 Final Exam Review Questions With Complete Solutions

  • Exam (elaborations) • 32 pages • 2024
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  • Supply-chain debrief: What caused people to act the way they did? and what did this lead to? (2) - ️️Lack of communication / cooperation , leading to the guessing of customer demand which led to arbitrary ordering decisions and the result is the bullwhip effect long lead time, could've been even longer if the supplier had no inventory what is the "bullwhip" effect? - ️️information (orders) going back through the supply chain is distorted and then amplified Supply-chain debri...
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OPMA 317 FINAL EXAM 2024  WITH 100% CORRECT ANSWERS
  • OPMA 317 FINAL EXAM 2024 WITH 100% CORRECT ANSWERS

  • Exam (elaborations) • 23 pages • 2024
  • During the SCM Exercise Graph Commonalities - correct answer Fluctuations, amplification, and a time lag between the retailer to the factory Beer Game Average - correct answer Everyone averaged around the same even though some came from different backgrounds yet the players control the game, you can't blame customer demand What caused people to act the way they did during the beer game? - correct answer 1) Lack of communication/cooperation - guessing of the customer demand-->arb...
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OPMA 317|142 FINAL EXAM QUESTIONS WITH 100 % CORRECT ANSWERS|2024
  • OPMA 317|142 FINAL EXAM QUESTIONS WITH 100 % CORRECT ANSWERS|2024

  • Exam (elaborations) • 25 pages • 2024
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  • During the SCM Exercise Graph Commonalities - ️️Fluctuations, amplification, and a time lag between the retailer to the factory Beer Game Average - ️️Everyone averaged around the same even though some came from different backgrounds yet the players control the game, you can't blame customer demand What caused people to act the way they did during the beer game? - ️️1) Lack of communication/cooperation - guessing of the customer demand-->arbitrary ordering RESULT: BULLWHIP...
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CIPS Level 4 Module 1 questions and answers 2024/2025
  • CIPS Level 4 Module 1 questions and answers 2024/2025

  • Exam (elaborations) • 55 pages • 2024
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  • CIPS Level 4 Module 1 questions and answers 2024/2025The Purchasing process - correct answer 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply - correct answer recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs - correct answer These are costs which can be identified directly with the production of a ...
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OPMA 317 FINAL Exam | Questions &  100% Correct Answers (Verified) | Latest  Update | Grade A+
  • OPMA 317 FINAL Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+

  • Exam (elaborations) • 52 pages • 2024
  • Available in package deal
  • During the SCM Exercise Graph Commonalities : Fluctuations, amplification, and a time lag between the retailer to the factory Beer Game Average : Everyone averaged around the same even though some came from different backgrounds yet the players control the game, you can't blame customer demand What caused people to act the way they did during the beer game? : 1) Lack of communication/cooperation - guessing of the customer demand-->arbitrary ordering RESULT: BULLWHIP EFFECT 2 | P a ...
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OPMA 317 Final Exam Review | Questions  & 100% Correct Answers (Verified) | Latest  Update | Grade A+
  • OPMA 317 Final Exam Review | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+

  • Exam (elaborations) • 60 pages • 2024
  • Available in package deal
  • Supply-chain debrief: What caused people to act the way they did? and what did this lead to? (2) : Lack of communication / cooperation , leading to the guessing of customer demand which led to arbitrary ordering decisions and the result is the bullwhip effect long lead time, could've been even longer if the supplier had no inventory what is the "bullwhip" effect? : information (orders) going back through the supply chain is distorted and then amplified Supply-chain debrief: 2 | P a...
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NY P&C EXAM QUESTIONS WITH COMPLETE SOLUTION
  • NY P&C EXAM QUESTIONS WITH COMPLETE SOLUTION

  • Exam (elaborations) • 28 pages • 2024
  • Under the Equipment Breakdown Coverage Form, which of the following describes expediting expenses? - ANSWER-Payment for repairs which accelerate the period of restoration Expediting expenses are those which hasten the period of restoration. By getting the business up to speed more quickly, these expenses are offset by the ability to generate revenue sooner. Which of the following is covered by Coverage E of the Farm Property Coverage Part? - ANSWER-Scheduled farm personal property How...
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IDIS 343 Exam 3 Correctly Answered Questions | UpToDate | Already Graded A+
  • IDIS 343 Exam 3 Correctly Answered Questions | UpToDate | Already Graded A+

  • Exam (elaborations) • 11 pages • 2024
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  • Logistics : The art and science of obtaining, producing and distributing material and product in the proper place and in proper quantities US Business Logistics Costs : USBLC Cost, Speed of Delivery, Flexibility, IT Resources : Transportation is typically decided based on a trade-off of what? Air : Mode of Transportation: -Fast and Reliable -Expensive Air : Mode of Transportation that is good for: 2 | P a g e -Shipping high-value -Lightweight over long distances -Expediting Tru...
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CIPS Level 4 Module 1 Questions and  Answers Rated A+
  • CIPS Level 4 Module 1 Questions and Answers Rated A+

  • Exam (elaborations) • 90 pages • 2024
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  • CIPS Level 4 Module 1 Questions and Answers Rated A+ The Purchasing process 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs These are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually ...
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OPMA 317 - Final Exam 2024 with 100% correct answers
  • OPMA 317 - Final Exam 2024 with 100% correct answers

  • Exam (elaborations) • 11 pages • 2024
  • Purchase vs Product Order Flow - correct answer Upstream vs. Downstream What happens to fluctuations and why? - correct answer Fluctuations are amplified due to a time lag Beer Game: What caused people to act the way they did - correct answer Lack of communication/cooperation and long lead times Bullwhip Effect - correct answer Information going back through the supply chain is distorted and then amplified. Members of the supply chain overreact to changes in demand. How does ...
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