BUAD 331 Exam 2 Correct 100%(Graded A+)

You are SC manager at cellphone Inc. and part of your job is to make recommendations on fulfillment techniques for various products. Boss wants to know which products would be most appropriately serviced using lean technique. You tell him... - ANSWERa basic phone with a high volume of predictable customer demand A SC that utilized an agile order fulfillment technique will - ANSWERhold manufacturing until receiving actual customer orders Ted buys 50 gallons of milk and 20 cartons of hot coco. Students pay for their drink then ted mixes milk and powder then gives it to them. What kind of fulfillment technique is - ANSWERhybrid lean and agile Ted is developing order strategy for breathing regulators that he sells in shop. Given that this product is high cost and highly customized, which strategy should ted use - ANSWERorder regulators based on actual customer demand and work with suppliers to quickly configure and ship regulators directly to customer The EOQ model attempts to - ANSWERA calculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying costs Start new company called crabman auto parts. Heard about agile order and are interested in it to decrease costs. Which best describes the strategy crabman auto parts should follow to take advantage of agile order fulfillment - ANSWERform strategic relationships with key customers and suppliers and synchronize information exchange with them to improve responsiveness and reliability In the above eoq, what is the eoq amount - ANSWER20 days worth inventory (day where triangle starts) In the above eoq, manger wants to optimize fulfillment. As a SCM consultant, what will you suggest to manager - ANSWERlower cycle stock by reducing ordering/set up costs and lower safety stock by reducing demand and supply variance Avg daily demand for a product is 5 units and avg lead-time for an order to arrive is 6 days. SS is 100 units and avg inventory is 150 units. What is the re order point for the product - ANSWER130 units (Reorder point= LT x DD + SS= 6 x 5 +100= 130) Ordering supplies twice per year versus four times per year can result in __ due to ___? - ANSWERhigher inventory carrying costs, higher avg inventory levels