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Management Application Exercise Caterpillar Inc. recently told its steel suppliers that it will more than double its purchases of the metal this year even if the company's own sales don't rise one bit. In fact, the heavy-equipment maker has been boosting orders to distributors for everything from big tires and hydraulic tubes to shatterproof glass without a sales increase.
1. Explain how that is possible.
2. Within the context of Caterpillar's supply chain, explain why the "bullwhip effect" occurs and what problems it is likely to cause to its Tier 1 and Tier 2 suppliers if sales do not rise in the future.
How are business models influenced by internal and external factors? Discuss the difference between the product model and the marketing model. Is one model better than the other? Explain.
Candace has realized that for her department to be effective she needs to allow subordinates greater involvement and participation in decision making and in controlling certain aspects of their tasks. Candace is using the process known as:?
Weekly demand for a Motorola cell phone at a Best Buy store is normally distributed, with a mean of 200 and standard deviation of 150. Best Buy has a policy of ordering the cell phones in lots of 500. Motorola takes two weeks to deliver an order. How..
hat integration is required with multiple departments/divisions for the company to achieve its mission and vision.
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she usually waits until after lunch to deliver the stack to Harold, having them in his in basket by 1:00 p.m. From this information, we can conclude two response ratios. One of the appropriate response ratios.
Discussion and learning about the services industry
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