A market-driven production model is different from production-driven model vastly because it is a. Manufacturer-focus b. Customer-focus c. Supplier-focus d. Vendor-focus
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- Which of the following is NOT an objective of sales and operations planning? Establish greater accountability for individual plans developed by the various functional groups. Coordinate supply chain partners. Develop a maximum cost strategy for effectively meeting demands. Establish communication among various stakeholders, including finance, marketing, production, and suppliers.The basic objective of the purchasing function is: Select one: To procure the raw materials at the highest quality. To increase the sales and reduce the cost of the final product. To provide required inputs materials and reduce the cost of the final product. To procure the raw materials at the lowest price.In practice, sourcing integrates only the strategic and operative decision making levels. Select one: a. False b. True
- "The GLOBAL LIFE CYCLE consists of five stages: 1) Unmet demands-production begins; 2) Product introduction-demand exceeds production; 3) Growth of sales stage-supplies of a product is higher than demand; 4) Maturity stage-demand is satisfied; 5) Demand declines-decline of sales follows." Is this definition true or false? Question 1 options: a) True b) FalseWhich one of the following scenarios best describes "demand"? a. Khalid has money but does not like the product. b. Yaqdhan likes the design but not the price of a product. c. Muadh sells cheap products. d. Ashraf wants the product and has ability to pay for it.Discuss the importance of each of the following:Matching customer demand.Managing a supply chain.Working on Process View.
- A firm produces three products. Product A sells for $60; its variable costs are $20. Product B sells for $200; its variable costs are $120. Product C sells for $25; its variable costs are $10. Last year, the firm sold 1000 units of A 2000 units of B, and 10,000 units of C The firm has fixed costs of $320,000 per year. Calculate the break-even point of the firm.Papaya Partners is a distributor of papayas. They purchase papayas from individual growers and package them in 10-pound cartons for delivery to their various customers, generally supermarkets. Last month, they budgeted to sell $500,000 worth of cartons at a price of $25 each. Actual sales met a budget of $500,000 at $25 per carton. The management has received cost information based on actual performance and needs to understand the drivers of the overall variance from the budget. They have asked you, as an analyst in their management accounting department, to calculate and explain the variances. The following data has been provided: Budget Cost of fruit @ 10 pounds per carton $ 200,000 Cost of packaging @ 1 pound per carton $ 10,000 Labor costs @ .5 hourse per carton $ 90,000 Total Cost $ 300,000 Actual Cost of fruit @ 10 pounds per carton $ 244,200 Cost of packaging @ .55 pound percarton$ 11,000 Labor costs @ .75 hourse per carton $ 150,000 Total Cost $405,200 WHAT IS THE STANDARD COST…A manufacturer has a monthly fixed cost of $44,000 and a production cost of $9 for each unit produced. The product sells for $13/unit. (a) What is the cost function? C(x) = (b) What is the revenue function? R(x) = (c) What is the profit function? P(x) = (d) Compute the profit (loss) corresponding to production levels of 9,000 and 13,000 units. P(9,000) = P(13,000) =
- The decision to place a certain volume of business with a supplier does not have to be based on sound set of criteria/ True FalseCorporate-level strategy focuses on changing market conditions and the need to build competitive advantage. Select one: True FalseAs part of the answer, you are required to: Determine supply chain's competitive strategy (You can read the sion on textbook about different competitive strategies in some example supply chains) Once you determine competitive strategy than you areed to select a distribution network design (You can select one of the six designs. distribution network design. You are required to select a product family consisting of four products for your distribution network, products(s) should be simple assemblies with a basic bill of material structure. You can choose simple products consisting of only a handful of components. For example a bill of material for Office table is given below, if your part family consists of four parts with each part being a different Office table, for example Part A: Short Office table, Part B: Wide Office Table, Part C: Four Legged Table and Part D: Long Office Table. Bill of Material for Office Table Table Final Assembly Top Assembly (1 required) Support Assembly (1…