Designing a supply chain that meets customer requirements and aligns with strategy to be more effective to be more responsive.
What is supply chain?
A supply chain is a group of people and businesses responsible for producing a product and getting it to the consumer. The raw material producers are the first links in the chain, and the last is the van that delivers the finished product to the customer. The importance of supply chain management can be seen in the reduced costs and improved productivity that come from an optimised supply chain. Companies work to enhance their supply chains in order to lower costs and maintain competitiveness. Each step taken to deliver a finished good or service to the customer is considered to be part of the supply chain. The process may involve obtaining raw materials, transferring them to the production stage, and then transporting the finished goods to a distribution facility or a retail location where the consumer may pick them up.
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The federal reserve account is the central bank of the United States of America. It is an independent bank in a sense that it does not need the approval of the President or any government authority to forego with their daily transactions. Only institutions have accounts in the federal reserves like commercial banks. An individual cannot access one.
Answer:
Leveraging the experience of one group to help another group.
Explanation:
Southwestern Construction is hoping to use (leverage) the knowledge of the team in one office by sharing the knowledge with another office and hoping that the second office will also become more efficient simply by adopting the new strategies.
<span>Here the direct materials = $10,000
and
Total direct labor cost = $10,900
Total direct Cost = $10,000+$10,900
=$20,900
Now,
Job contained 5 units
so
Total Cost /unit = $20,900/5
= $4180 per unit
Company billed at 75% above unit product cost
so,
The price per unit will be
$ 4180 + ($ 4180 x 0.75)] = ($ 4180 + $ 3135) = $ 7315 per unit
Ans : $ 7315 per unit</span>
