Which of the following statements is not true about efficient supply chains? a. Lower cost through high utilization b. The primary goals is to supply demand at the lowest cost c. Suppliers are selected based on cost and quality. d. Maintain capacity/flexibility to buffer against demand/supply uncertainty

Which of the following statements is not true about efficient supply chains? a. Lower cost through high utilization b. The primary goals is to supply demand at the lowest cost c. Suppliers are selected based on cost and quality. d. Maintain capacity/flexibility to buffer against demand/supply uncertainty

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter2: The Purchasing Process

Section: Chapter Questions

Problem 1GPE

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No written by hand solution The questions below refer to the following SAME paragraph: Suppose a retailer Mojo, holds safety stock for an item to accommodate a 98% service level with uncertain demand. There are two supply options: Supplier X taking 5 days to deliver replenishments, and Supplier Y taking 3 days to replenish. Both suppliers charge the same price for the item. Ignoring differences in fixed order costs, the retailer should choose: Group of answer choices Supplier X Option Y only if the critical ratio is less than 0.9 Option X only if the critical ratio is greater than 0.9 Supplier Y
Which of the following statements about supply chain metrics is Incorrect? a. The lower the weeks of supply metric the better B. The lower the inventory as % of assets the better C. The lower the Inventory turnover metric the better D. Supply Chain metrics use quarterly or annual balance sheet data. Please explain your answer so I can understand this concept properly. Thank you
In each of the following, name the term defined. Answersare listed at the bottom.1. This refers to how common an item is or how many substitutes might be available.2. When a customer allows the supplier to manage inventory policy for an item or group of items.3. A phenomenon characterized by increased variation in order as we move from the customer to the manufacturer in the supply chain.4. Products that satisfy basic needs and do not change much over time.5. Products with short life cycles and typically high-profit margins.
Supply chain orientation is process and strategy oriented .Select one:a. False.b. True.
Cisco’s model of building a seamless supply chain is one that many companies can follow. It proves that you do not have to own or control most of the elements in your supply chain, yet have complete visibility of the chain. The Internet allows companies to coordinate more closely with their suppliers and also enables just-in-time delivery that lets businesses greatly reduce inventories. Cisco’s suppliers build and ship while Cisco handles all of financial transactions. This is an excellent instance of control/demand uncertainty fix. Please answer all 3 questions What is your inference about technology in the context? Implement SCOR model and mention the demand and supply uncertainty with the help of diagram. Identify if Cisco is following push strategy or pull strategy and explain how?
In the course of supply chain, we have studied two basic supply chain strategies. Now, using examples, compare and contrast the characteristics of an efficient supply chain and a responsive supply chain. Answer format: It is preferred that your answers are in a bullet style with having specific and relevant heading for each bullet point. Length of each answer: Between 150 and 250 words (each part) Marks distribution of the question is as follows: Originality. Comprehensiveness & Clarity of explanation: 50% Reasoning/ Rationality/ Logic: 50%
A light bulb manufacturer uses descriptive analytics _____. A. to present supply chain to managers visually. B. to achieve efficiency in delivery of goods. C. to schedule staff and vehicle for delivery. D. to plan capacity utilization by incorporating the inherent uncertainty in commodities pricing.
9 Supply chain agility refers to the ability to adjust quickly to changes in market demand.Select one:a. True.b. False.
Cisco’s model of building a seamless supply chain is one that many companies can follow. It proves that you do not have to own or control most of the elements in your supply chain, yet have complete visibility of the chain. The Internet allows companies to coordinate more closely with their suppliers and also enables just-in-time delivery that lets businesses greatly reduce inventories. Cisco’s suppliers build and ship while Cisco handles all of financial transactions. This is an excellent instance of control/demand uncertainty fix. Discuss your understanding about Supply Chain Visibility. What is your inference about technology in the context? Implement SCOR model and mention the demand and supply uncertainty with the help of diagram.
Rephrase the following supply chain thesis with synonyms.. According to Talib et al. (2011), total quality management (TQM) has been widely accepted as the management process that helps organizations within different sectors to deal with the rapid changes in business environment. Escrig-Tena (2004) recognized that TQM is an globally advanced approach to achieve better levels of quality products and services which, in turn, results in better organizational performance. However, reviewing recent TQM literature highlights two problematic issues regarding the relationship between TQM practices implementation and organizational performance: First, the differences between manufacturing and service organizations with respect to the effect of quality management practices on business performance (Rönnbäck and Witell, 2008). Yasin et al. (2004) and Gupta et al. (2005) noted that implementing TQM practices in service industries is not always as successful as they are in manufacturing…
Cisco’s model of building a seamless supply chain is one that many companies can follow. It proves that you do not have to own or control most of the elements in your supply chain, yet have complete visibility of the chain. The Internet allows companies to coordinate more closely with their suppliers and also enables just-in-time delivery that lets businesses greatly reduce inventories. Cisco’s suppliers build and ship while Cisco handles all of financial transactions. This is an excellent instance of control/demand uncertainty fix. Identify if Cisco is following push strategy or pull strategy and explain how?
Given the information provided below, what are the procurement, oversight, transportation, order cycle inventory, pipeline inventory costs, and total supply chain costs for using the supplier Ebert, Inc. Ebert manufactures small speakers for automobiles in its factory in the Philippines. The order size is Q= 7,000 units and the supply chain operates 300 days a year. Do not round intermediate calculations. Round your answers to the nearest dollar. CertifiedSupplier AnnualDemand (D) Price perUnit (P) OversightCost perUnit (O) Transport Costper Unit (Ct ) Order Cost(Co ) Cost toStore OneUnit OneYear (Ch ) Order LeadTime inDays (L) Elbert, Inc. 224,000 $6.99 $0.22 $2.38 $140 $5.39 55 Procurement cost: $ Oversight cost: $ Transportation cost: $ Order cycle cost: $ Inventory holding cost: $ Pipeline invenory cost: $ Total supply chain costs: $