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Supply Chain Management in Hospitality

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Questions and Answers

What is one of the negative consequences for a business if it runs out of stock?

Decreased customer satisfaction (correct)

Increased customer loyalty

Improved brand reputation

Higher profit margins

Why has there been an increased interest in logistics and supply chain management practices?

To reduce costs and increase profitability (correct)

To increase customer demand

To expand into new markets

To improve employee satisfaction

Which industry is mentioned as an example of the significance of supply chain management?

Hospitality industry (correct)

Technology industry

Retail industry

Manufacturing industry

What is one of the challenges faced by hotel companies in relation to supply chain management?

Keeping costs low in a labor-intensive industry (D) Signup and view all the answers

What is one of the factors that determine the performance of logistics and supply chain management practices?

Return on investment and profitability (A) Signup and view all the answers

Which industry is mentioned as an example of the significance of supply chain management?

Hospitality (A) Signup and view all the answers

What is one of the challenges faced by hotel companies in relation to supply chain management?

High labor costs (C) Signup and view all the answers

What is one of the negative consequences for a business if it runs out of stock?

Loss of customers (D) Signup and view all the answers

What is one of the factors that determine the performance of logistics and supply chain management practices?

Return on investment (B) Signup and view all the answers

Why has there been an increased interest in logistics and supply chain management practices?

To deliver value to the customer at the cheapest possible costs (B) Signup and view all the answers

Supply Chain Management in Hospitality

Choose a study mode

Podcast

Questions and Answers

What is one of the negative consequences for a business if it runs out of stock?

Why has there been an increased interest in logistics and supply chain management practices?

Which industry is mentioned as an example of the significance of supply chain management?

What is one of the challenges faced by hotel companies in relation to supply chain management?

What is one of the factors that determine the performance of logistics and supply chain management practices?

Which industry is mentioned as an example of the significance of supply chain management?

What is one of the challenges faced by hotel companies in relation to supply chain management?

What is one of the negative consequences for a business if it runs out of stock?

What is one of the factors that determine the performance of logistics and supply chain management practices?

Why has there been an increased interest in logistics and supply chain management practices?

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