Describe Wal-Mart's supply chain management strategy in terms of its four drivers.
What will be an ideal response?
Wal-Mart's supply chain management strategy emphasizes efficiency, but also maintains adequate levels
of effectiveness. Facilities focus - Efficiency, Maintains few warehouse. Inventory focus - Efficiency,
Ships directly to its stores from the manufacturer. Transportation focus - Effectiveness, Maintains its own
fleet of trucks. Information focus - Efficiency, Invests heavily in technology and the flow of information
through its entire supply chain. Although Wal-Mart has spent a lot of money on its supply chain and uses
a push information sharing strategy - its overall information focus is on using information to enable the
company to maintain small amounts of inventory (efficiency). Wal-Mart uses its supply chain to operate
its business in a just-in-time fashion.
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Which job shop dispatch rule schedules the job with the shortest process time first?
a. CR b. SPT c. EDD d. FCFS
There are seven production managers at Wallace Inc., four men and three women. All four men have higher salaries than the three women. Since the men have all been in the position longer than the women, Wallace Inc., has a legal justification for paying the men more.
Answer the following statement true (T) or false (F)
Federal laws often provide more sweeping and significant protections for the consumer than state laws
a. True b. False Indicate whether the statement is true or false
The financial manager is involved in these cash-related activities in the firm:
A) investing, working capital management, and financing. B) real assets, financing, and investing C) operations, profitability, and financing D) investing, operating, and financing.