Responsive supply chains - Study guides, Class notes & Summaries

What were the key lessons Ortega took away from his early scare? Ans: To be successful, "you need to have 5 fingers touching the factory and 5 touching the customer." Translation: Control what happens to your product until the customer buys it. What are some of the things Zara can do because of the super-responsive supply chain it has built? Ans: They can ramp up or down production of specific garments quickly and conveniently because it normally operates many of its factories for on...

MKT 3250 Exam 2 | Verified with 100% Correct Answers The ________ function represents the role that Hope Spring's distributors have in storing, sorting, and transporting bottled water to the Coffee Collective. Logistical A(n) ________ is an intermediary who sells Hope Springs' bottled water to retailers such as The Coffee Collective. Wholesaler By satisfying the customer service factor of ________, the distributor will ensure that deliveries of Hope Springs' bottled water to The Coffee Coll...

SCM 301 Exam 1 Study Guide Iowa state Define Supply Chain Management - ANS -is a set of three or more organizations linked directly by one or more of the upstream or downstream flows of products, services, finances, and information from a source to a customer.​ -Make sure you understand the whole supply chain, it is in your powerpoint notes. Internal Supply Chain - ANS -PP def: That portion of the supply chain occurring within a single organization. External Supply Chai...

responsive supply chains - ANSWER-Speed Focused. Innovative Products Efficient Supply Chain - ANSWER-Cost Focused Good for Functional Products Functional Products - ANSWER-Predictable demand Low inventory cost long product life low inventory cost low product variety low stockout and obsolescence cost Stockout - ANSWER-an event that occurs when no inventory is available Innovative Products - ANSWER-High demand uncertainty short product life high inventory cost high profi...

SCM 300 (Test 2) CASE: Rapid Fire Fulfillment Questions With Complete Solutions What were the key lessons Ortega took away from his early scare? ️️To be successful, "you need to have 5 fingers touching the factory and 5 touching the customer." Translation: Control what happens to your product until the customer buys it. What are some of the things Zara can do because of the super-responsive supply chain it has built? ️️They can ramp up or down production of specific garments...

responsive supply chains correct answer: Speed Focused. Innovative Products Efficient Supply Chain correct answer: Cost Focused Good for Functional Products Functional Products correct answer: Predictable demand Low inventory cost long product life low inventory cost low product variety low stockout and obsolescence cost Stockout correct answer: an event that occurs when no inventory is available Innovative Products correct answer: High demand uncertainty short produ...

SCM 301 Exam 1 Study Guide Iowa state Define Supply Chain Management - ANS consists of the flow of products and services from RAW MATERIALS to END USERS and can include the following: -Raw materials manufacturers -component and intermediate manufacturers -final product manufacturers -wholesalers and distributors -retailers Internal Supply Chain - ANS -PP def: That portion of the supply chain occurring within a single organization. External Supply Chain - ANS -PP ...

A new, energy-efficient furnace is being installed in a steel factory. Because it would have added 10% to the cost of the furnace, management has decided not to install the optional safety override for the furnace. This decision is most likely to lead to which of the following? - ANSWER- An increase in legal costs Refers to the organizational issue of balancing financial profitability with environmental responsibility - ANSWER- sustainability Operations managers rarely become i...

WGU C720 OA LATEST EXAM 2023-2024 REAL EXAM A new, energy-efficient furnace is being installed in a steel factory. Because it would have added 10% to the cost of the furnace, management has decided not to install the optional safety override for the furnace. This decision is most likely to lead to which of the following? - ANSWER- An increase in legal costs Refers to the organizational issue of balancing financial profitability with environmental responsibility - ANSWER- sustai...

EBTM 365 EXAM 1 Scheduling - Answer-flexibility, efficiency Inventory - Answer-costs, shortages Maintenance - Answer-costs, equipment, reliability, productivity Supply Chains - Answer-costs, quality, agility, vendor relations, shortages Projects - Answer-costs, new products, services, or operating systems Which is the narrower concept? - Answer-Efficiency Factors that always decrease productivity - Answer-high labor turnover & viruses Marketing influences competitiveness ...