CPFR Study guides, Class notes & Summaries

Goal of waiting line management Balance the cost paid by the customers (time) with the cost paid by the company (money paid to maintain the system) Parts of a waiting line system Input Source Waiting Line Service Facility 4 Managerial Consideration in Queues customers waiting line employees service facilities Basic waiting line terminology -queue*: line. -channel*: line. refers to the number of lines available at each step. -phase*: a single step in a process....

Brick-and-Mortar Business a business that operates in a physical store without an internet presence Online or E-tailing All products and services are sold to customers through an online website. Example: A Brick and Clicks Companies that use both a physical store and the Web to sell their products and services. Clicks and Calls In addition to taking orders via the company website, some companies will also offer sales via the phone. Examples: Lands' End and L.L. Bean ...

MKTG 3340 Quiz 4 (9, 11, 12) Questions with complete solution 2024sourcing - correct answer evaluating and hiring suppliers procurement - correct answer purchasing goods and services from suppliers safety stock - correct answer Backup inventory that serves as a buffer in case the demand for a product surges or the supply of it drops off for some reason. logistics - correct answer The physical flow of materials in the supply chain. track and trace systems - correct answer Systems that...

MKTG 3340 Quiz 4 (9, 11, 12) Verified Written Questions 2024. sourcing - correct answer evaluating and hiring suppliers procurement - correct answer purchasing goods and services from suppliers safety stock - correct answer Backup inventory that serves as a buffer in case the demand for a product surges or the supply of it drops off for some reason. logistics - correct answer The physical flow of materials in the supply chain. track and trace systems - correct answer Systems that el...

MKTG 3340 Quiz 4 (9, 11, 12) Correctly Answered Questions 2024. sourcing - correct answer evaluating and hiring suppliers procurement - correct answer purchasing goods and services from suppliers safety stock - correct answer Backup inventory that serves as a buffer in case the demand for a product surges or the supply of it drops off for some reason. logistics - correct answer The physical flow of materials in the supply chain. track and trace systems - correct answer Systems that ...

In the MPC process, capability decisions (equipment, facilities, suppliers, etc.) are most likely to occur in what time horizon? correct answers Long term In the MPC process, detailed scheduling decisions are most likely to occur in what time horizon? correct answers Short term Master Production Scheduling (MPS) & Resource Planning are a part of which MPC phase? correct answers Front End Measurement & control are a part of which MPC phase? correct answers Execution Products that are ...

Which of the following is not a theoretical factor of forecasting? Amount Trend Cyclical Seasonal - Amount Advanced planning and scheduling (APS) facilitates improvements in customer service by ______. a. reducing the time to make accurate commitments to customers b. reducing inventory levels c. improving resource allocation d. none of the above - reducing the time to make accurate commitments to customers Which of the following is not a benefit of sales and operations planning? a.The...

OPMA 317 Final Latest 2023 Already Passed What caused people to **** up in the beer game bullwhip effect Bullwhip Effect Information (orders) going back through the supply chain is distorted and then amplified How does a long lead time affect decision making panic - when inventory does not instantly arrive and solve your growing backlog, you panic and order even more What are the business implications of the supply chain structure? (5) Stock outs at times Excess inventory at times Overtime c...

MKTG 3340 Quiz 4 (9, 11, 12)sourcing - correct answer evaluating and hiring suppliers procurement - correct answer purchasing goods and services from suppliers safety stock - correct answer Backup inventory that serves as a buffer in case the demand for a product surges or the supply of it drops off for some reason. logistics - correct answer The physical flow of materials in the supply chain. track and trace systems - correct answer Systems that electronically record the paths shipm...

MKTG 3340 quiz 4Sourcing Evaluating and hiring suppliers Procurement Purchasing goods and services from suppliers Brainpower Read More Outsourcing Hiring an organization to do a task previously performed by a firm Offshoring Outsourcing work to companies located overseas Insource The process of having an employee of your organization complete a marketing project, or hiring staff for an ongoing marketing function Advantages of outsourcing - More value - More co...