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 ...

SCMN 3710 Test 2 Strickland Latest Update Graded A+ 1. Be able to explain potential supply/demand misalignment throughout the life cycle of a product as shown on Fig. 7.1 on page 210 of your text. z 2. What is the definition of demand management according to Blackwell & Blackwell? Focused efforts to estimate and manage customers' demand, with the intention of using this information to shape operating decisions. 3. Explain the 4 methods commonly used to manage the imbalance betwee...

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

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...

MAR 3203 Exam 4 UCF Latest Update Graded A+ Supply Chain Management (SCM) the coordination of all supply chain activities, starting with raw materials and ending with a satisfied customer. make or buy decision a decision concerning whether an item should be produced internally or purchased from an outside supplier Outsourcing obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source. Vertical Integration An approach typical of tr...

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...