techniques that Halfords has used to enable it to provide a flexible amount of storage capacity and improve its supply lead times by these collaborations
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- Explain how a state-of-the-art WMS (Warehouse Management System) can benefit an organizationDescribe the supply chain for your university or college.Who are the suppliers, producers, and distributors in thissupply chain? Are there different supplier tiers? Howwould you evaluate this supply chain? Does inventory evenexist, and if it does, what form does it take?In a multi-echelon supply chain, how can the Wilson approach be extended to optimize inventory levels at different stages of the supply chain? What challenges might arise in this context?
- What is the importance of supplier selection in the hospitality industry? Define inventory management and its importance in the hospitality industry. Why is it important to have an indicator measuring the performance of Supply chain management in any organization?Describe how stock pooling functions in a multi-echelon scheme. What is the biggest advantage of pooling under what circumstances? The lowest advantage?Of the following, which is a major drawback to using production contracts as part of a vertically integrated supply system? A. Supply chain efficiency B. Capturing additional margins C. A means of addressing "holdup" in a market D. Limited decision-making ability of the producer
- ABC Company had the following inventory at year-end:Cost NRVProduct A 2,200,000 2,500,000Product B 1,500,000 1,200,000Product C 650,000 530,000Product D 720,000 710,000What amount should be reported as inventory at year-end?Carriage and insurance paid to (CIP) are one of the terms of sale is used in place of which of the following? A. Free alongside ship (FAS) B. Cost, insurance, and freight (CIF) C. Cost and freight (CFR) D. Free onboard (FOB)he company’s focus is on growth based on, “its holy trinity of price, selection, and availability,” as explained by former Amazon executive John Rossman in his book The Amazon Way. One of the company’s strengths is that they built their own supply chain management tools from the ground up. As a result, they were able to build a system where communication in real time is standard practice and making adjustments is inherently part of the way the system works. While other big box giants and mega superstore companies are scrambling to retrofit outdated and disjointed IT, Amazon is efficiently zipping ahead of the competition. Communication in real time means convenience for customers. Orders can be filled and shipped from a variety of locations to maximize efficiency and customer satisfaction. When a process is deemed no longer relevant it is abandoned for more responsive solutions.Of course, few companies have the supply chain budget of companies like Amazon and FedEx, but the strategies…
- Why is inventory at Walmart a problem in supply chain and what are some solutions to this problem?Describe the way stock pooling works in a system of multichelon stock. What is the most significant advantage from pooling under what circumstances?The least advantage?Please describe how outsourcing can be used for risk transference. Chapter 7, Review question 11 of cenage Management of Infomation security.