WGU D471 Course Study Material - Detailed Correct Solutions
WGU D471 Course Study Material - Detailed Correct Solutions Sourcing vs. Purchasing - answer - Which financial factor should companies consider when they choose not to carry all their products in stock? - answer - Excess inventory that ties up the working capital Companies tend to tie up working capital when they purchase excess inventory to receive volume discounts. Which supply chain function is sourcing responsible for - answer - Managing inventory This is correct because inventory is the amount of product a company has on hand or in production. Sourcing is responsible for ensuring enough inventory in the right locations Describe how market segmentation impacts supply chain design - answer - voice of the customer (VOC) - answer - quality function deployment (QFD) - answer - Which one of the four Ps of marketing directly impacts supply chain's responsibilities and consumers? - answer - Place is one of the four Ps of marketing that directly impacts consumers and the supply chain. This is correct because place is where the supply chain team stores the product before distributing it to consumers. Customer relationship management (CRM) software holds customer data that supply chain teams can use to support enterprise resource planning (ERP) systems and processes. T/F? - answer - T How would a distribution channel move products to the end customer? - answer - A distribution channel can move products between the manufacturer and a retail store, typically through wholesalers. The distribution channel refers to the transactional entities involved, such as dealers, distributors, and wholesalers. Which product or process characteristic can influence a customer's purchase choice? - answer - This is correct because the first thing customers see when purchasing a product is packaging, designed by the internal supply chain and operations teams to protect the product during transportation.
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