1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
m_a_m_a [10]
3 years ago
13

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

. Different product categories might require a different mix of these three objectives. 2. This is a tricky question, all options with a specific answer are true. 3. The three goals have to be accomplished at the same time. 4. More frequently than not, the three objectives are compatible.
Business
1 answer:
-Dominant- [34]3 years ago
7 0

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.

You might be interested in
Deal Leasing leased equipment to Hand Company on January 1, 2021. The leased equipment's book value is $420,000 with no estimate
anygoal [31]

Answer:

The requirements are missing, so I looked for a similar question. This is a financial lease since the PV of the lease payments represents 97% of the asset's value.

January 1, 2021, equipment leased from Deal leasing

Dr Right of use asset 405,541.20

    Cr Lease liability 405,541.20

the right of use asset = PV of lease payments = $60,000 x 6.75902 (PV annuity due, 10%, 10 periods) = $405,541.20

January 1, 2021, first lease payment

Dr Lease liability 60,000

    Cr Cash 60,000

December 31, 2021, depreciation expense on leased asset

Dr Depreciation expense 40,554.12

    Cr Accumulated depreciation 40,554.12

depreciation expense = $405,541.20 / 10 = $40,554.12

December 31, 2021, interest expense on asset lease

Dr Interest expense 34,554.12

    Cr Interest payable 34,554.12

interest expense = ($405,541.20 - $60,000) x 10% = $34,554.12

5 0
3 years ago
List 2 ways in which constellations are used.
tangare [24]
In Ancient times, constellations were used to create and track the calendar so they knew when to plant crops and harvest them. Constellations were also used for navigation and to help sailors travel across oceans.
3 0
3 years ago
Read 2 more answers
Which type of visual aid would you use to show changes over time?
son4ous [18]
A plot in Cartesian axes.
This kind of graph has two exes: x (horizontal) and y (vertical). X represents the independent variable, in this case: time. Y represents the dependent variable, which is the one that is changing over time. For example, you can make this graph with temperature along the year. You will usually have higher temperatures in summer, which will be represented in the upper part of the graph, and lower temperatures in winter, which will be represented in the bottom part of the graph. January will be on the left and December will be on the right.
6 0
3 years ago
Anish kapoor's to reflect an intimate part of the red represents:
Dafna1 [17]
Ancient religious structures
3 0
3 years ago
A long term investment usually means an investment period of one to three months?
GarryVolchara [31]

Answer:

False

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • Overall, who benefited most from tax reform in 1997
    12·1 answer
  • A P30,000, 10% bond with quarterly coupons is redeemed at 98% at the end of 15 years. Find the redemption value. (Note: Don't us
    13·1 answer
  • What would a follower of the market segmentation theory say about the supply and demand for​ long-term loans versus the supply a
    5·2 answers
  • When determining the value of a property using the Sales Comparison Approach (also known as the Market Data Approach) the apprai
    11·1 answer
  • What is the smallest level at which life may exist
    11·1 answer
  • Pesto Company possesses 80 percent of Salerno Company’s outstanding voting stock. Pesto uses the initial value method to account
    7·1 answer
  • The marketing channels for services are usually Group of answer choices characterized by two to three intermediaries. complex an
    9·1 answer
  • What is the future value of ​$490 per year for 9 years compounded annually at 11 ​percent? The future value of ​$490 per year fo
    11·1 answer
  • You're 35 years old now, and you want to purchase life insurance which will cover your spouse for your lost income in the event
    13·1 answer
  • Example of globalization as internalization and liberalization
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!