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Questions and Answers
What is a consequence of large lots in supply chain management?
What is a consequence of large lots in supply chain management?
- Reduced unit shipping and production costs, but increased holding costs and disguised real demand (correct)
- Reduced holding costs and real demand
- Increased customer service and profitability
- Elimination of the bullwhip effect
What can help reduce the bullwhip effect in supply chain management?
What can help reduce the bullwhip effect in supply chain management?
- Excluding distributors from the supply chain
- Sharing point-of-sales information and using computer-assisted ordering (correct)
- Implementing vendor-managed inventory
- Increasing lot sizes to reduce production costs
What is a benefit of reducing lot sizes in supply chain management?
What is a benefit of reducing lot sizes in supply chain management?
- Reduced shipping costs and increased inventory levels
- Increased production costs and reduced inventory levels
- Reduced ordering costs and increased inventory turnover (correct)
- Reduced transportation costs and increased customer service
What is the main idea behind Single-Stage Control of Replenishment?
What is the main idea behind Single-Stage Control of Replenishment?
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What is the primary goal of Collaborative Planning, Forecasting, and Replenishment?
What is the primary goal of Collaborative Planning, Forecasting, and Replenishment?
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What is the primary goal of the make-or-buy decision in manufacturing?
What is the primary goal of the make-or-buy decision in manufacturing?
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What is the characteristic of a supplier in a few suppliers arrangement?
What is the characteristic of a supplier in a few suppliers arrangement?
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What is the bullwhip effect in supply chain management?
What is the bullwhip effect in supply chain management?
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What is the primary goal of vertical integration in supply chain management?
What is the primary goal of vertical integration in supply chain management?
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What is the characteristic of a virtual company in supply chain management?
What is the characteristic of a virtual company in supply chain management?
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