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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- Calculate customer life time value for the data below. (Show Work) Purchase Occasion Transition Probability Average Basket Size 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ΝΑ 55% 75% 78% 83% 81% 81% 86% 82% 85% 90% 93% 85% 89% 85% 91% 97% 97% 96% 85% 83% 89% 82% 79% 82% 89% 88% 86% 67% 75% $46.71 $56.71 $57.93 $56.87 $58.26 $66.90 $63.62 $70.27 $63.03 $62.60 $71.81 $76.76 $78.14 $65.65 $74.84 $81.11 $72.08 $87.30 $71.94 $75.44 $70.35 $72.86 $66.68 $79.90 $93.91 $61.08 $94.16 $100.40 $77.89 $99.704. What is FIFO method? 5. what is Average cost method?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?
- 11. Provide an example for each type of approach to demand analysis.Supply/Demand Info Predicted Sales Regular production Overtime production Subcontract production Ending inventory Hired employees Fired employees Total employees Cost variables are as follows: Cost Variables Labor cost/hour Overtime cost/ton Subcontracting costiton Holding cost ton/month Hiring cost employee Firing cost/employee Beginning Apr May 4,200 531 $20 $32 $25 $10 $3.700 $4.000 Jun 51,500 50.300 61,600 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/ton Regular production tons/employee/month Max regular production (tons/month) Max overtime production (tons/month) Max subcontractor production (tons/month) 3 100 56,700 3,700 6,000 Jul Aug Sep 45,400 56.600 62,800 Given the above information (and don't overlook beginning number of employees and inventory levels in the first table), create a LEVEL production plan with only the use of regular production and no inventory left over at the end of the six-month period. What is the regular…310 k Home | iCampus → C G Gmail 1892 8 HOME 23 TUTORING LIBRARY CAREER MEDIA ? HELP 8 Bb Week 2 - Marketing Module 2 - X + blackboard.strayer.edu/webapps/blackboard/content/content YouTube Maps WEEK 2 > 111 56°F Mostly cloudy O Final. X Post purchase. SUBMIT During the phase of the purchase process, the customer identifies that something is lacking. O Purchase. O Pre-purchase. Translate News 4 How to Not Give U. Smy + X Q Search
- with the complexity of the product range and the need for high levels of quality, she has found it difficult to influence sourcing strategy. Formal procurement procedures and systems at PEC are very limited. Currently, the buyer waits to receive a requisition from the production function to place orders for equipment, materials and products. This means that orders are usually urgent and the buyer has little opportunity to review alternative suppliers or sourcing approaches. Low value maintenance, repair and operations (MRO) requirements cause particular problems as the requisitions are difficult to aggregate. This causes excessive and time-consuming administration for the buyer. Testing requirements Pressure testing machinery used for testing the quality of seams in the protective work-wear is nearing the end of its life and will soon require replacement. Product testing is essential to confirm final quality of manufacture and conformance to industry standards. The test equipment is…State an example of industries where the demand forecasting is dependent on the demand of other products ?Table 1. Demand of Hairdryer from January to July [Jadual 1. Permintaan Pengering Rambut dari Januari 2021 hingga Julai 2021] Month Demand January February 2800 2870 March 2968 April Мay 3000 3100 Jun 3150 July 3400 a) Calculate forecast future demand for May, June, July and August by using 3 months simple moving average.[hitung ramalan permintaan masa depan untuk bulan Mei, Jun, Julai dan Ogos dengan menggunakan purata bergerak sederhana 3 bulan.] *
- What is managing demand plan?Week 5Discussion 1Sustainability is an important ethical and environmental issue in purchasing. Describe one material, product, or service that can contribute to sustainability in a project you have been involved with, or in your current organization. Describe how these decisions enable the organization to avoid violations in terms of environmental issues. Respond to at least two of your classmates’ postings.Discussion 2Personal liability is a serious issue in purchasing and supply management. Provide details from the text or your personal experience where a supply officer or project manager has been held personally liable for conditions of a contract. Comment on how you will proceed in the future to avoid any personal liability for contracts if at all possible. The text provides excellent examples that can be researched starting on page 311. Respond to at least two of your classmates’ postingsMonth# Jan Feb Mar Apr May June Forecast# 1800 1500 1100 1500 2100 1600 Name Labor hours per unit (hr/unit) Initial number of workers Safety Stock (units) Working hours in a day(hr/day) Beginning inventory(units) Value 5 30 0 9 450 Month# Jan Feb Mar Apr May June Working Days available 21 21 21 21 21 19 The tables present forecasts, production, and cost information for aggregate planning. Using a level strategy with backorders to produce at average demand, now many workers are required each month? (Round up the calculated number of workers to the nearest whole number, and round the production rate to the nearest whole number