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(a) Supply chain management is the integration of the activities that procure materials and services, transform them into intermediate goods and the final product, and deliver them to customers. The key to a successful supply chain structure and operation depends upon a customer/supplier relationship based on partnership principles. Critically discuss the importance for companies to develop a supply chain strategy.
(b) Leal Communication Ltd stocks and sells Toshiba note-book. It costs the store $400 each time it places an order with the manufacturer. The annual cost of carrying the note-book in inventory is $150. The store manager estimates that the annual demand for such note-book will be 1200 units.
(i) Explain why organisations hold inventory.
(ii) Evaluate optimal order quantity and total annual inventory costs.
Leaders must be held accountable for achieving desired results. What does this mean to you?
The Electro comp Corporation manufactures two electrical products: air conditioners and large fans. The assembly process fo each is similar in that both require a certain amount of
What is economic value?
What are some drawbacks and risks to a broad generic business strategy? To a focused strategy?
Firms do not compete only against global competitors, but against- Their suppliers. Themselves. The customers of their competitors. Their competitors supply chains.
What would you recommend to the company if they asked you to advise them in improving their operations?
Which of the following actions would expand the feasible region of an LP model? A.Loosening the constraints. B.Tightening the constraints. C.Multiplying each constraint by
Todd's Video, am major video rental and TV sales chain headquartered in New Orleans, is about to open its first outlet in Mobile, Alabama, and wants to select a site that will plac
New fire stations are to be located in a city and the major of the city wants to decide where to locate the 2 fire stations. For planning purposes, the region has been divided into
Respondeat superior is the theoretical basis for holding companies criminally liable for actions of their employees. Companies oftentimes have little defense against prosecution. C
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