During which phase of the CPFR do the buyers and sellers establish common business goals and define the responses to events that cause supply chain disruptions?

A. analysis
B. strategy and planning
C. execution
D. demand and supply management


B. strategy and planning

Business

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When computing a price variance, the quantity is held constant.

Answer the following statement true (T) or false (F)

Business

A product possesses a ________ ________ when it enjoys a superior position over competing products because consumers believe it has more value than other products in its category.

What will be an ideal response?

Business

Daily demand for a product is normally distributed with a mean of 150 units and a standard deviation of 15 units. The firm currently uses a reorder point system, and it seeks a 75% service level during the lead time of 6 days

a. What safety stock is appropriate for the firm? b. What is the reorder point?

Business

Which of the following statements about U.S. business and organizational customers is true?

A. More goods and services are purchased by government buyers than by all other business and organizational customers. B. More goods and services are purchased by business and organizational customers than by final consumers. C. There are more business and organizational customers than final consumers. D. There are more manufacturers than all other types of business and organizational customers combined. E. None of these answers is correct.

Business