Why is agility crucial for companies?
What will be an ideal response?
ANSWER: Agile companies synchronize their activities through the sharing of supply and demand information, spend more time than their competitors on activities that create direct customer benefits, partner closely with suppliers and service providers to reduce customer wait times for products, and constantly seek to reduce supply chain complexity through the evaluation and reduction of nonperforming stock-keeping units (SKUs), among other strategies. By managing the product pipeline in this way, companies are able to reduce supply chain costs while at the same time offering better service and therefore can deliver improved products at better prices to customers.In a supply chain, agility, which involves having a nimble quality recognized in many athletes, allows companies to adapt quickly and easily to customer needs while reducing costs and increasing satisfaction.
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Indicate whether the statement is true or false
Marcia was describing a humorous ad to her friend, who asked her what product it was for. She said she didn't know because there were so many ads on TV that she got them all mixed up. This demonstrates the problem advertisers have with ________.
A. frequency B. reach C. clutter D. impact E. volume
What is a financing statement? What is its significance in perfecting a security interest?
What will be an ideal response?
Freeman Builders, Inc. buys on terms of 2/15, net 30. It does not take discounts, and it typically pays 60 days after the invoice date. Net purchases amount to $720,000 per year. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?
A. 10.86% B. 12.07% C. 13.41% D. 14.90% E. 16.55%