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Operations Management: Forecasting and Bottlenecks

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Operations Management: Forecasting and Bottlenecks

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Questions and Answers

What is the result of implementing Just-In-Time (JIT) inventory management?

More human interaction

Higher inventory levels

Increased reliance on paper documents

Zero or near-zero inventory levels (correct)

What is the primary purpose of using EDI in business transactions?

To increase human interaction

To increase inventory levels

To bypass the distribution center

To reduce reliance on paper and save time and money (correct)

What is the primary benefit of using a distribution center bypass or drop ship?

Increasing human interaction

Routing freight directly to its destination (correct)

Reducing the reliability of shipments

Increasing inventory levels

What is a key aspect of managing inventory in a supply chain?

Managing inventory at multiple locations within a facility Signup and view all the answers

What is a future challenge faced by organizations in terms of inventory management?

Adapting to changes in inventory management concepts Signup and view all the answers

What is the purpose of drop shipping in a supply chain?

To deliver products directly from the manufacturer to the retailer or end-user Signup and view all the answers

What is the primary benefit of using EDI in supply chain management?

Reduced reliance on paper documents and saved time and money Signup and view all the answers

What is a key aspect of supply chain optimization?

Routing freight directly to its destination Signup and view all the answers

What is a benefit of using Just-In-Time (JIT) inventory management?

Reduced inventory levels Signup and view all the answers

What is a key risk implication of inventory management in a supply chain?

Changes in inventory management concepts Signup and view all the answers

What is the primary purpose of a distribution center bypass or drop ship?

To route products directly from the manufacturer to the retailer or end-user Signup and view all the answers