Q: Describe the A-B-C approach and explain how it is useful.
A: ABC approach is an inventory method for classifying the items under three different categories,…
Q: What level of reliance should firms place on demand forecasting and supply chain management…
A: Demand forecasting is the total demand for a product expected to arise in future. Consumer…
Q: 1. Identify how digital technology can reduce the problem in Supply Chain Management (SCM) of Cost…
A: Digital technology has made its place in most of the sectors and supply chain management is one of…
Q: What is a Data warehouse and what information does it facilitate in a supply chain?
A: Data Warehouse: Data collected at the point of sale when the customers make a purchase is stored and…
Q: A sequence of organizations—their facilities, functions, and activities—that are involved in…
A: Find the answers below: The correct answer is B) supply chain
Q: 1. Identify how digital technology can reduce the problem in Supply Chain Management (SCM)? I. Cost…
A: Digital technologies help in collecting, analyzing, integrating, and interpreting high-quality,…
Q: 1. Supply chain management 2. Process and capacity design 3. Inventory management
A: In the Supply Chain Management Business Processes refers to the activities that a business takes up…
Q: Hi there , can you please please assist with the following question below Using the example of a…
A: A catering company is a company that is engaged in the food business - making food in bulk quantity…
Q: What trade-offs are involved in ( a ) sharing information with other organizations in a supply…
A: The trade-offs involved in information sharing with other organisation in the supply chain are as…
Q: Give an example and discuss how you can simultaneously achieve responsiveness and efficiency?
A: ANSWER : The lack of strategic fit within the supply chain management can result in decrease in the…
Q: 1. Supply Chain focuses only on the physical movement of material and supplies Select one: a. False…
A: Supply chain management defines as the management of the flow of goods and services it includes all…
Q: What are the four main functions within SAP’s supply chain software?
A: ERP refers to Enterprise Resource Planning that contains systems and software which can be used for…
Q: 1. Which of the below is/are characteristics of the supply chain. a. All of the above b. Real time…
A: A supply chain is described as an entire method of making and selling retail goods, including each…
Q: Firms are required to make appropriate decisions relating to the flow of information, products and…
A: Firms are required to make appropriate decisions relating to the flow of information, products, and…
Q: Why are production planning and capacity planning important in Supply Chain Management? and provide…
A: Supply chain management is the management of the entire production flow of a good or service,…
Q: What is the relationship between demand management,order management, and customer service?
A: To accomplish an aim, management is the planning and administration of tasks. These administration…
Q: Metrics must focus upon customer needs and expectations." Explain the meaning of this statement. Why…
A: The statement states that it is important for the organisation to recognize consumer desires and…
Q: 4. The strategy of a reverse vertical integration helps the company to: O A. ensure the quality of…
A: Strategic Management Strategic Management is the method involved with defining objectives,…
Q: Is supply chain management the same as demand chain management? Why or why not?
A: Demand-chain management often called DCM can be stated as the relationship management between the…
Q: Hotels, hospitals, and restaurants are all service-based industries. Choose one and explain how…
A: Though hotels, hospitals and restaurants are all service-based industries. But I am choosing the…
Q: Giving examples what are atleast 4 roles that are played by the supply chain manager of an…
A: Supply chain managers play a major part in the logistics management process. They assist companiesin…
Q: Explain the essential capacities (a special combination of systems, assets and tools) are required…
A: Supply chain management: This is the management of the supply chain which involves the processes…
Q: Explain in what ways can information be helpful in logis and supply chain management ?
A: Supply chain management is the management in which raw materials and resources are converted into…
Q: List, and briefly explain, current trends in supply chain management.
A: The current trends of supply chain are Internet of things (IoT), digitization, visibility, cloud…
Q: Supposedly, being a manager at a pharmaceutical firm; a. What type of supply chain strategy will you…
A: Supply chain strategy is very crucial to decide as per the industry. In deciding the supply chain…
Q: 1. Analyze the relationship between supply management and operations. Illustrate your answer with a…
A: SUPPLY CHAIN MANAGEMENT: This is the form of management that monitors the flow of goods, services,…
Q: Provide a detailed discussion on the impact of time-based strategies in obtaining efficient supply…
A: The time-based strategies are those strategies whose main aim is to minimize the time required to…
Q: Below are the weaknesses/ disadvantages of Direct procurement. 1. Risk of stock-outs 2. Relatively…
A: Procurement, in straightforward terms, is the getting of various items or administrations in a…
Q: support(s) all managers of the organization by providing rapid access to timely information and…
A: * ( A ) Dashboard .
Q: How the Internet has affected the way businesses expect their supply chain planning process
A: Both supply chain forecasting projections were made manually until the invention of the internet.…
Q: How did covid-19 affect strategic management in supply chain management? Argue in favor of the above
A: The majority of organisations believe that their supply chain management (SCM) policies are…
Q: What are the strategic, tactical, and operations responsibilities in Supply Chain Management?
A: Store network the executives is the administration of the progression of labor and products and…
Q: What trade-offs are involved in (a) sharing information with other organizations in a supply…
A: The trade-off is described as a sort of situation in which one accepts something for something they…
Q: Identify how digital technology can reduce the problem in Supply Chain Management (SCM)? i) Cost…
A: The flow of goods in a typical supply chain entails designing a product, sourcing and procuring raw…
Q: (a) Analyse the characteristics of good information with relevant examples. (b) Discuss the…
A: Orientation:- Orientation is the procedure used to acquaint new hires with their duties, coworkers,…
Q: a) In the process of supply chain management in what way information systems be used to support the…
A: Nowadays firms should more and more believe the services of intermediate suppliers. producing sector…
Q: describe the Supply chain management's main goal is to?
A: To understand what is supply chain management, it is first important to know just what a supply…
Q: Explain the underlying analytics of Amazon's supply chain and how they can enhance supply chain…
A: The founder of Amazon, Jeff Bezos, didn't imagine supply chain management, rather he imagined the…
Q: _______ refers to the ability of a supply chain to quickly adjust output to match market demand:…
A: Agility refers to the ability of a supply chain to quickly adjust output to match market demand.
Q: In QuickBooks Online, the Products and Services list contains the items that will appear on your…
A: QuickBooks is the most well known small business accounting software businesses use to manage…
Q: A. Explain the role of information technology in the supply chain.
A: Information technology has played an important role in supply chain management since the 90s, when…
Q: What is the most critical issue related to supply chain management you have observed in the…
A: The food chain supply chain management keeps on developing quickly, with buyers currently…
Q: What other techniques might Regal use to improve supply chain management?
A: Suррly сhаin mаnаgement refers tо mаnаging the gооds аnd serviсes flоw, while it аlsо…
Q: Describe the customers to business relationships in the supply chain management ( C 2 B)
A: Customers to companies (C2C) and business to business (B2B) are both excellent economic models…
Q: What additional techniques could Regal employ to enhance supply chain management?
A: The term "supply chain management" applies to the process of managing the flow of goods and…
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- 1. Identify how digital technology can reduce the problem in Supply Chain Management (SCM) of Cost inventory, Time delivery, Demand forecasting and Quality of product.9. Which investment is the most engaging, if the cost of money is 9%?a. Investment Cb. Investment Ac. Investment Bd. Any of the investmente. None of the AboveAs an operations manager of OPQ Furniture, you must make a decision about adding a line ofrustic furniture for physical distribution. In discussing the possibilities with your sales manager, you decidethat there will be definitely be a market and that your firm should enter the market. However, because ofrustic furniture has a different finish than your standard offering, you decide you need another processline. There is no doubt in your mind about the decision, and you are sure that you should have a secondprocess. But you do question how large to make it. A large process line is going to cost $400,000; a smallprocess line will cost $300,000. The question therefore is the demand for rustic furniture. After extensivediscussion, you determine that the best estimate you can make is that there is a two out of three chanceof profit…the following are come accounts pertaining to the rooms division od XYZ Inn. salaries and wages $10,000 operating supplies $5,000 sales $200,000 laundry $9,000 commissions $2,000 dry cleaning $500 uniforms $200 fringe benefits and payroll taxes 10% of salaries and wages other expenses 3% of sales 1. using the information provided above, what would the total salaries, wages, service charges, contracted labor and bonuses be equal to on the rooms department schedule for XYZ Inn? 2. using the information provided above, what would the total payroll-related expenses be equal to on the rooms department schedule for XYZ Inn? 3. Using the information provided above, what would the total rooms revenue be equal to on the rooms department schedule for XYZ Inn? 4. Using the information provided above, what would the total expenses be equal to on the rooms department schedule for XYZ Inn? 5. Using the information provided above, what would the total labor costs and related expenses be equal…
- Which of the following terms describes: "the flow of goods, services, and information from the initial sources of materials and services to the delivery of products to consumers"? a. enterprise resource planning (ERP). b. customer list. c. supply chain. d. material requirements planning (MRP).Id-6c An aggregate plan provides justification for: Select one: a. the budget amount requested b. demand for individual products c. demand for product families d. the demand for the parts of each product and. number of customersJohn Ozment, director of special projects and analysis for Ozment’s Corporation, is responsible for preparing corporate financial analyses and monthly statements and reviewing and presenting the economic impacts of proposed strategies to upper management. Data for such financial analyses are obtained from operations and financial databases through direct queries of Ozment’s department staff. Reports and charts for presentations are then prepared by hand and typed. Multiple copies are prepared and distributed to various users. The pressure on Ozment’s group has intensified as demand for more and more current information increases. A solution to this reporting problem must be found.The systems department wants to develop a proprietary software package to produce the reports automatically. The project would require the company to make a considerable programming investment. Ozment is concerned about the accuracy, completeness, and currency of data isautomatically produced reports. He has…
- :Explain each of the following terminologies in the context of SCM with an example: Logistic systemization, Schedule-sales point association.Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a four-quarter forecast. the four-quarter forecast. Quarter Forecast 1 1,400 2 1,100 3 1,700 4 1,300 aggregate plan. Costs Previous quarter's output 1,600 units Beginning inventory 0 units Stockout cost for backorders $55 per unit Inventory holding cost $11 per unit for every unit held at the end of the quarter Hiring workers $50 per unit Layoff workers $75 per unit Unit cost $35 per unit Overtime $20 extra per unit Subcontracting Not available Your job is to develop an aggregate plan for the next four quarters. Part 2 a) Try hiring and layoffs (to meet the forecast) as necessary (enter your responses as whole…Determine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?
- Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a four-quarter forecast. the four-quarter forecast. Quarter Forecast 1 1,400 2 1,100 3 1,700 4 1,300 the costs relevant to the aggregate plan. Costs Previous quarter's output 1,600 units Beginning inventory 0 units Stockout cost for backorders $55 per unit Inventory holding cost $11 per unit for every unit held at the end of the quarter Hiring workers $50 per unit Layoff workers $75 per unit Unit cost $35 per unit Overtime $20 extra per unit Subcontracting Not available Your job is to develop an aggregate plan for the next four quarters. Part 2 a) Try hiring and layoffs (to meet the forecast) as necessary…Joel is the RM for the City Center Plaza hotel. He knows that under his franchise agreement, he pays an 8 percent franchise fee and 3 percent marketing fee on all revenue generated from room sales. Additional fees for using the hotel’s CRS are $2.00 per each room reserved. Internet service provider (IDS) related charges paid by the hotel for rooms sold through Internet sites including uberhothotels.com are $10.00 per room sold. Given this information, help Joel complete the revenue estimate worksheet presented below. Net ADR Yield Estimate Worksheet: City Center Plaza Distribution Channel Group rooms Third-party merchant Rooms sold 80 100 Standard rate $185 $160 Gross revenue Franchise fee (8%) Franchise marketing fee (3%) Franchisor's CRS fee ($2 per room) IDS fee Net total revenue Net ADR yieldwhich one of spreadshee and algebra is more efficiency in solving bigger instance of IP problems?