How can a world-wide pandemic (a negative externality) lead to a disequilibrium in most markets?

Effective SCM requires reducing cost, increasing inventory velocity and compressing cycle time. What of the following is true? 1

-Dominant- [34]

Answer:

The answer is: 4) More frequently than not, the three objectives are compatible.

Explanation:

Toyota is famous for its Just in Time (JIT) management. They are the absolute kings of efficient supply chain management and they were able to do it by making the three objectives compatible. That doesn't mean that they all have to be dealt with at the same time and with the same intensity.

Toyota's first goal was to reduce costs and in order to reduce costs they had to increase their inventory turnover. Then they discovered that in order to keep increasing inventory turnover, they had to compress their cycle time. When they were able to compress their cycle time, their turnover increased even more and their costs were lowered. The system produces continuous feedback and their efficiency keeps increasing.

I once visited one of their factories that produces almost 500 pickup trucks per day and every single work station had available inventory for only 4 trucks; only 4 engines, 16 doors, etc. It is amazing how they do it considering that every 3 minutes one truck is fully produced.

The three objectives are not only compatible, but they are absolutely necessary for the SCM to be effective.

7 0

3 years ago

Countries with free market economies in which property rights are protected tend to have _____ than command economies or economi

FinnZ [79.3K]

Countries with free market economies in which property rights are protected tend to have greater economic growth rates than command economies or economies where property rights are poorly protected.
The reason is the lack of infrastructure and supporting business in primitive or undeveloped economies, which may lead to situation in which is more costly to do business.

4 0

3 years ago

A(n) is a document used to present one's background,skill sets,and accomplishments

miss Akunina [59]

Answer:

Explanation:

A resume is a document used to present one's background,skill sets,and accomplishments used in job searches.

3 0

3 years ago

Read 2 more answers

Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for July: Increase in estimated ret

Dvinal [7]

Answer:

$873,200

Explanation:

The computation of the cost of merchandise sold is shown below:

= Merchandise inventory, July 1 + Purchases - Purchases returns and allowances - Purchases discounts - Freight in - Merchandise inventory, July 31

= $49,300 + $985,500 - $33,500 - $19,700 - $13,800 - $94,600

= $873,200

We simply added the purchase amount and deduct all other items except Increase in estimated returns inventory to the opening balance of merchandise inventory

4 0

3 years ago

Bismark Inc, a large manufacturer of heavy equipment components, has determined the following activity cost pools and cost drive

Westkost [7]

Answer:

Results are below.

Explanation:

First, we need to calculate the activities rates:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine Setup= 600,000 / 15,000= $40 per setup hour

Material handling= 90,000 / 3,000= $30 per ton of material

Machine operation= 420,000 / 12,000= $35 per machine hour

Now, we can allocate costs to each product:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Camshafts:

Machine Setup= 40*5= $200

Material handling= 30*10= $300

Machine operation= 35*4= $140

Total allocated costs= $640

Swing Drives:

Machine Setup= 40*8= $320

Material handling= 30*7= $210

Machine operation= 35*5= $175

Total allocated costs= $705

Finally, the unitary cost:

Camshafts:

Total cost= 40,000 + 7,000 + 640= $47,640

Unitary cost= 47,640 / 1,500= $31.76

Swing Drives:

Total cost= 30,000 + 12,000 + 705= $42,705

Unitary cost= 42,705 / 900= $47.45

5 0

2 years ago

How can a world-wide pandemic (a negative externality) lead to a disequilibrium in most markets?​

How can a world-wide pandemic (a negative externality) lead to a disequilibrium in most markets?