BUAD 331 Exam 3 (Knowledge Checks)fully solved 2024

BUAD 331 Exam 3 (Knowledge Checks)which of the following is not a technique for fulfilling customer orders? - correct answer supply cycle time define order cycle time - correct answer total elapsed time from when the customer recognizes need to when that need is ultimately fulfilled the difference between the customer's desired order cycle and the total supply chain order cycle time is known as - correct answer lead time gap Ted's Wicked Dive Shop needs to put together a re-order plan for breathing regulators. Given that this product is high cost and highly customized in order to meet the unique demands of different divers, Ted should realize which of the following strategies? - correct answer order regulators based on actual customer orders and work with supplier-partners to quickly configure and ship the regulators directly to customers if average daily demand for a product is 5 units and average lead-time for an order to arrive is 7 days, what is the re-order point (ROP) for the product? - correct answer 35 units Ted and his friend Matt start a new company called Crabman Auto Parts. They have heard about agile order fulfillment and are interested in implementing it to decrease costs. Which of the following best describes the strategy Crabman Auto Parts should follow to take advantage of agile order fulfillment? - correct answer synchronize information exchange across the supply chain and form strategic relationships with key customers and suppliers the economic order quantity (EOQ) aims to - correct answer calculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying costs in high-end restaurants, steaks are generally cooked after the wait staff place the order to the kitchen with customers' preference. Which of the following techniques best describes the fulfillment of steak orders to the final customer? - correct answer responsive