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The ability of the customer to track their order from placement to delivery is
- 🧠ANSWER ✔✔order visibility.
The opportunities from globalization are often accompanied by - 🧠ANSWER
✔✔significant additional risk.
Problems in learning within organizations that contribute to the bullwhip
effect are referred to as - 🧠ANSWER ✔✔behavioral obstacles.
The competent supply chain manager decided to aggregate all inventories
and as required, use fast mode of transportation for filling customer orders
of his - 🧠ANSWER ✔✔high-value and low-demand product.
, The required safety inventory - 🧠ANSWER ✔✔increases with an increase
in the lead time and the standard deviation of periodic demand.
The margin lost from current as well as future sales if the customer does
not return should be included in - 🧠ANSWER ✔✔the cost of understocking
the product.
Aggregate planning is concerned with determining - 🧠ANSWER ✔✔the
production level, inventory level, and capacity for each period.
Managers can improve coordination within the supply chain by - 🧠ANSWER
✔✔aligning goals and incentives.
A contract that allows a retailer to return unsold inventory up to a specified
amount, at an agreed upon price is a - 🧠ANSWER ✔✔buyback contract.
Stefan's compensation plan rewards his hard work by paying him ten cents
per mile driven while he delivers orders to the downstream members of his
supply chain. Some managers view this reward as counterproductive since
there is a temptation to take the longest route between two points rather
than making more deliveries. This obstacle to supply chain coordination
falls into the category of - 🧠ANSWER ✔✔incentive obstacles.