What are the consequences of unstable demand and interrupted flows on a supply chain managed with a lean philosophy?
What will be an ideal response?
Answer: Lean requires that demand be relatively stable and that flows be relatively smooth. If demand rates are unstable and high, then a downstream station might exhaust all of the inventory in their system and be starved for inventory if upstream stations cannot respond quickly enough. If flow is interrupted due to an unforeseen emergency, quality issues, etc., the downstream work station may grind to a halt while issues are worked out at the point of difficulty.
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Reversing entries should not be made for
A) adjusting entries related to estimated items such as depreciation. B) adjusting entries that create accrued revenues to be collected in the next accounting period. C) adjusting entries that create accrued expenses to be paid in the next accounting period. D) adjusting entries related to prepayments of costs initially recorded as expenses.
The adjusting entry to record the salaries earned due to employees for services provided but unpaid at the end of the accounting period affects the accounts in which of the following ways?
A. Debit Salaries Expense and credit Salaries Payable. B. Debit Accrued Salaries and credit Salaries Payable. C. Debit Salaries Payable and credit Salaries Expense. D. Debit Salaries Expense and credit Cash. E. Debit Cash and credit Salaries Expense.
Every shareholder is entitled to examine specified corporate records but only in person, not through an agent.?
Indicate whether the statement is true or false
Scenario 13.1 Use the following to answer the questions. Kelly Rose, Inc. markets several different brands, under its own Kelly Rose name label, as well as others. Its primary brands, such as Kelly Rose, Kelly & Ko, and KRC, are sold to wholesalers. These brands are then available through retail department stores such as Kohl's and Macy's. The wholesale-based brands division is positioned as customer-focused and cost-efficient. Its premium brands division includes labels such as Saffie Campbell, Martyn Curry, and Costura Moderno. These premium brands are sold through stores that the Kelly Rose company owns. Refer to Scenario 13.1. Which of the following is most likely the primary factor Kelly Rose, Inc. used when selecting the marketing channel for its Costura Moderno brand?
A. Characteristics of the intermediaries B. Product attributes C. Type of organization D. Marketing environmental forces E. Competition