Explain why transportation systems should be tailored
What will be an ideal response?
Answer: Tailored transportation is the use of different transportation networks and modes based on customer and product characteristics. A firm can meet customer needs at a lower cost by using tailored transportation to provide the appropriate transportation choice based on customer and product characteristics.
Firms must consider customer density and distance from warehouse when designing transportation networks. Firms must consider customer size and location when designing transportation networks. The degree of inventory aggregation and the modes of transportation used in a supply chain network should vary with the demand and value of a product.
Tailoring transportation based on customer density and distance, customer size, or product demand and value allows a supply chain to achieve appropriate responsiveness and cost.
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Classify the following activities according to the appropriate section of the statement of cash flows. a. Operating activityb. Investing activityc. Financing activity____ 1. Cash received from a one-time sale of used office equipment.____ 2. Cash paid for dividends.____ 3. Cash received from customers.____ 4. Cash received from stockholder contributions.____ 5. Cash paid for utilities.____ 6. Cash paid for a delivery van to be used in the business.
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
1. Lean implementation can cause discomfort and stress among some employees. 2. Terminating those employees who are below average in productivity is one of the tenets of the philosophy of lean. 3. Reverse logistics is a task involved in order processing and delivery. 4. An area in which Lean Six Sigma has been applied is the implementation of creative thinking.
When focusing on the ________ approach to strategic planning, companies typically sell products for which a large portion of value is added in the upstream activities of the industry's value chain.
A. political imperative B. administrative coordination C. quality imperative D. economic imperative
A college education costs approximately $75,000 at an Ivy League school. If inflation averages
5% per year, what will be the cost of the college education in 15 years? A) $1,745,697.74 B) $155,919.61 C) $125,754.75 D) $36,076.28