OPERATIONS MANAGEMENT (LL)-W/ACCESS
17th Edition
ISBN: 9781260037821
Author: CACHON
Publisher: MCG
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Chapter 11, Problem 3CQ
Summary Introduction
To identify: The statement that best explains the given situation.
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Which of the following statements best explains why distributors tend to spend less onstorage space per square meter per year than retailers?a. Distributors provide break bulk service.b. Distributors don’t actually make products.c. Distributors can store more items per square meter and require space that is less aesthetically pleasing.d. Distributors enjoy higher gross margins than retailers.
Which of the following is a benefit manufacturers receive from selling through a regional distributor/industrial wholesaler?
a.
Regional wholesalers tend to order (directly from manufacturers) in large lot sizes that can be broken down into smaller units---which alleviates the need for manufacturers to ship many more small orders to local retailers.
b.
Regional industrial distributors typically provide their own promotional and technical support for the products they carry and so the manufacturer’s selling costs are reduced.
c.
Because regional industrial distributors own their own inventory, they are motivated to sell the products they have in stock.
d.
All of the above are reasons for using regional distributors/wholesalers.
Prior to accepting a customer’s order, a company should verify the amount of inventory on hand. Which of the following is not a reason to do this?
Determine whether inventory records are accurate.
Ensure accuracy of inventory records by reducing the amount by items order.
Identify which products should be ordered from suppliers.
Communicate to the customer when shipment will be sent.
Chapter 11 Solutions
OPERATIONS MANAGEMENT (LL)-W/ACCESS
Ch. 11 - Prob. 1CQCh. 11 - Prob. 2CQCh. 11 - Prob. 3CQCh. 11 - Prob. 4CQCh. 11 - Prob. 5CQCh. 11 - Prob. 6CQCh. 11 - Prob. 7CQCh. 11 - Prob. 8CQCh. 11 - Prob. 9CQCh. 11 - Prob. 10CQ
Ch. 11 - Prob. 11CQCh. 11 - Prob. 12CQCh. 11 - Prob. 13CQCh. 11 - Over time, consumers have less of a need for a...Ch. 11 - For 10 percent of the products in a category, a...Ch. 11 - Anvils Works requires, on average, 2800 tons of...Ch. 11 - Prob. 3PACh. 11 - Prob. 1CCh. 11 - Prob. 2CCh. 11 - Rob Honeycutt created Timbuk2 to offer consumers...
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- Where the provider just supplies what is requested, it is recognised as O a. Independent fulfilment is required. O b. Production of Customer Purpose O c. Large chain of supply operation. O d. Inventory handled by the sellerarrow_forward1. Which of the following is generally NOT a function carried out by intermediary channel members (distributors, wholesalers, or retailers)? A. Returns and exchanges B. Warehousing and storage C. Credit arrangements for end users D. Product design E. Breaking up bulk shipments into smaller units F. Taking on inventory risk.arrow_forward22 _____________is one that measure the level of inventory and the cost of goods sold by using an occasional physical count. a. Perpetual inventory system b. A periodic inventory system c. First in First Out Method d. Last in First out method Clear my choicearrow_forward
- Which of the following is not covered by the Warehouse Management System? a. Deciding where to place products in the warehouse b. Withdrawal of products from the warehouse according to the order c. Receiving products d. Getting the products ready for shipment e. Shipment Trackingarrow_forwardRefers to goods and merchandise at the beginning of operation of business or accounting period. A. Mechandise inventory, end B. Mechandise Inventory, beginning C. Expenses D. Freight-Inarrow_forwardWhen a retailer places large order of inventory: a. Ordering costs reduces and holding costs increases b. Ordering costs reduces and holding costs decreases c. Ordering costs increases and holding costs increases d. Ordering costs increases and holding costs decreasesarrow_forward
- Which of the following is the cost of placing an order and receiving goods a) Restoking costs b) Ordering costs c) Carrying costs d) Shortage costsarrow_forwardWhich of the following is NOT a way that supply chains add value? A supply chain includes companies that specialize in logistics and can provide greater access to new markets A supply chain can make the flow of products more efficient, decreasing the amount of time it takes to transport products A supply chain improves the quality of promotions that a company uses to communicate a product's value to consumers A supply chain allows Ford to buy tires at a lower price than it would cost for them to manufacture the tires themselves Supply chain members work together to make sure every product gets to where it's going when it's supposed to be there need Answer as soon as possible with explanationarrow_forwardTruck jobbers are limited-service merchant wholesalers whose responsibilities include checking the stock, suggesting reorder quantities, and removing out-of-date goods. ( a) True () b) Falsearrow_forward
- 26 Which of the following statements is true with regard to cycle stock? a It is also called surplus stock. b It is received from a downstream supply chain partner. c It is seasonal in nature d It is also referred to as base stock. 27 Inventories that are in transit in containers or trucks ______. a are known as pipeline inventories b are known as in-house inventories c are relatively small in global supply chain (as compared to domestic supply chains) d are known as en route inventoriesarrow_forwardWhich of the following statements is true of the influence of product characteristics on a company's channel strategy? Products with low unit prices are usually sold using a company's sales force. Products that are sold using direct distribution generally require narrow selling margins. Perishability is an important product characteristic that influences channel strategy. Bulky products are ideally distributed through direct-sales systems globally. A ________ is an organized network of agencies and institutions which, in combination, perform all the activities required to link producers with users to accomplish the marketing task. fulfillment house demand signal repository general line of merchandise channel of distribution Which of the following statements is true of the influence of customer characteristics on a company's channel strategy? The need for multiple channel intermediaries decreases as the…arrow_forwardThe channel of distribution refers to the actual movement of products as they travel from the producer to the ultimate consumer. () a) True b) Falsearrow_forward
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