What is the primary challenge of logistics?
The challenge is to manage the entire logistics system in such a way that order fulfillment meets and perhaps exceeds customer expectations. At the same time, the competitive marketplace demands efficiency—controlling transportation, inventory, and other logistics-related costs. Cost and service tradeoffs must be considered when evaluating customer service levels and the associated total cost of logistics, but both goals—efficiency and effectiveness—are important to an organization in today's competitive environment.
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In general, businesses in high-share positions in growing or mature markets will use which type of strategic market plans to maintain cash flow that supports short-run profit performance and shareholder value?
A) offensive strategic market plans B) defensive strategic market plans C) decentralized strategic market plans D) concentrated strategic market plans E) multi-segment strategic market plans
Once the firm decides on the regions where facilities would be located (in Phase III), it must then ______.
A. determine the configuration of regional facilities B. identify any internal constraints on its available capital C. identify potential sites within each region for setting up these facilities D. determine if the firm’s future growth can be accomplished with its existing facilities
Men and women typically use communication for the same purposes and in the same style
Indicate whether the statement is true or false
Cash and credit management are typically the responsibility of the
A) treasurer. B) vice president of production and operations. C) controller. D) chief executive officer, or CEO.