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Questions and Answers

Strong relationships with suppliers ensure timely inventory delivery.

Supplier coordination

Reduces storage costs by ordering supplies as needed.

Just in time delivery

Reduces transportation costs and improves delivery efficiency.

logistics optimization

Employees and management may be reluctant to adopt new methods.

<p>Resistance to change</p> Signup and view all the answers

Automation and training require upfront costs.

<p>High initial investment</p> Signup and view all the answers

Some employees may lack technical expertise for new systems.

<p>skills gaps</p> Signup and view all the answers

External factors like typhoons or supplier issues can affect operations.

<p>suppy chain disruptions</p> Signup and view all the answers

it is a strategic performance measurement system that

<p>balance scorecards</p> Signup and view all the answers

how leadership develop and communicate vision, values. and ethics while fostering a culture of excellence.

<p>leadership</p> Signup and view all the answers

how organizations plan and execute strategies aligned with their mission and vision.

<p>Strategy</p> Signup and view all the answers

Flashcards

Supplier Coordination

Ensures timely inventory delivery through solid supplier connections.

Just in Time Delivery

A system that reduces storage costs by ordering supplies only when needed.

Logistics Optimization

Method of reducing transportation costs and enhancing delivery efficiency.

Resistance to Change

Employees and management hesitate to accept novel approaches.

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High Initial Investment

Automation and training demand significant initial expenditure.

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Skills Gaps

Some employees may not possess the needed skills for new systems.

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Supply Chain Disruptions

External factors such as storms or supplier problems impact operations.

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Balance Scorecards

Strategic performance measurement system.

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Leadership

How leaders cultivate vision, values, and ethical standards, promoting a culture of excellence.

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Strategy

How organizations strategize and implement plans aligned with their objectives.

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