Optimal customer value - Study guides, Class notes & Summaries

CSCP Module 1 Latest Update Graded A+ Decoupling Creating independence between supply and use of material. Commonly denotes providing inventory between operations so that fluctuations in the production rate of the supplying operation do not constrain production or use rates of the next operation. gross margin The difference between total revenue and cost of goods sold optimization Achieving the best possible solution to a problem in terms of a specified objective function. cycl...

BUAD 331 UTK FINAL EXAM QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 | 100% SOLVED. . In class we discussed amazons recent acquisition of whole foods. The strategy that seems the most plausible for amazon is: Focus on creating supply chains that deliver the specific form, time and place utility that each customer segment is looking for, at a price that each segment is willing to pay - ANSWER 3. Two kinds of customers walk into grizzly fly fishing shop: college freshman taking a first time ...

What is the Mean, Mode & Median for the data in Column 1, Data Set A? a. Mean = 8.7, Mode = 8, Median = 7 b. Mean = 8.7, Mode = 7, Median = 8 c. Mean = 8, Mode = 8.7, Median = 7 d. Mean = 7, Mode = 7, Median = 8.7 e. Mean = 8, Mode = 8, Median = 7 - Answer B Formula: Mean = Sum(x)/n = 8.7 Mode = Most frequent value = 7 Median = because sample is even (n=50), the median is the average of the (n/2)th and ((n/2)+1)th values in the sorted series = 8 Please reference Quantifying Process Va...

Green Belt Exam Questions and Answers with Verified Solutions What is the Mean, Mode & Median for the data in Column 1, Data Set A? a. Mean = 8.7, Mode = 8, Median = 7 b. Mean = 8.7, Mode = 7, Median = 8 c. Mean = 8, Mode = 8.7, Median = 7 d. Mean = 7, Mode = 7, Median = 8.7 e. Mean = 8, Mode = 8, Median = 7 Answer B Formula: Mean = Sum(x)/n = 8.7 Mode = Most frequent value = 7 Median = because sample is even (n=50), the median is the average of the (n/2)th and ((n/2)+1)th va...

Revenue Management correct answer-Also Known as Yield Management An essential instrument for matching supply and demand by dividing customers into different segments based on their purchase intentions and allocating capacity to different segments in a way that maximizes a particular's facility's revenues. The constellation of tools and actions dedicated toward the achievement of an optimal level of the hotels net revenues and gross operating profit 7 key point of Revenue Management co...

BUAD 331 EXAM 3 QUESTIONS AND ANSWERS LATEST UPDATED 2024/2025 | 100% SOLVED. What is the process around the interface between the customer demand creation and supply creation of form, time, and place value to fulfill that demand? - ANSWER Order Cycle The difference between the customer's desired order cycle time and the total supply chain order cycle time is known as a.) order cycle time b.) logistics lead time c.) customer delivery cycle d.) lead time gap - ANSWER d.) lead time gap W...

Promotional Mix 1) advertising 2) public relations 3) sales promotions 4) personal selling 5) social media promotion Communication by marketers that informs, persuades, and reminds potential buyers of a product in order to influence an opinion or elicit a response promotional strategy a plan for the optimal use of the elements of promotion to elicit a particular response; main goal is to convince buyers that the products offer competitive advantage advertising mass communication, high ...

Which of the following is not a technique for fulfilling customer orders? A. Supply cycle time B. Anticipate form, time, and place C. Full Postponement D. Make to stock, postpone time/place - ANSWERA. Supply cycle time Define order cycle time. A. The total cost of ownership combined with the customer value of a product B. The total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled C. The total elapsed time from when the customer first o...

WGU C838 Practice Exam Questions and Answers Latest Update 2024/2025 | Graded A+. This is the flexibility of allocating resources as needed for immediate usage, instead of purchasing resources according to other variables - correct answers Elasticity Usage and administration of cloud services ought to be transparent to cloud customers and users; from their perspective, a digital data service is paid for and can be used, with very little additional input other than what is necessary to pe...

BUAD 331 EXAM 3 WITH COMPLETE QUESTIONS AND ANSWERS 2024. What is the process around the interface between the customer demand creation and supply creation of form, time, and place value to fulfill that demand? - ANSWER Order Cycle The difference between the customer's desired order cycle time and the total supply chain order cycle time is known as a.) order cycle time b.) logistics lead time c.) customer delivery cycle d.) lead time gap - ANSWER d.) lead time gap What is the total el...