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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.

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mihalych1998 [28]

The firms may need to focus additional effort on retention strategies.

Retention strategies are means employed by firms to retain their customers both new and existing, over some specified period.

Where a company has high customer retention, it means customers would continue to patronize the company's products and not not defect to another product or business.

Customer retention process starts with the first point of contact in an organization and spread through the whole duration of the customer's relationship with the organization.

Learn more at: https://brainly.com/question/4310845

5 0
2 years ago
Who pays the tax does depend on who writes the check to the government?
mina [271]
Who pays the tax does NOT depend on who write the check to the government.
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4 0
4 years ago
Changes in governments or ruling political parties can affect businesses. The main concern of a multinational corporation is
nadya68 [22]

Answer:

D. which government is in power.

Explanation:

In a democratic system of ruling when one party come into power after getting majority votes the main concern of the corporation unit is to know which government is in power or which political party has a chance to gain majority votes.

Every government that takes oath for next five year or defined year has its own policy on economic or for business. This predefined rules and policy may be differ from exciting government or may be followed the path of previous government. therefore corporation unit are always in a mood to go with coordination with new government to have maximum advantage

4 0
3 years ago
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insens350 [35]

Answer:

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Explanation:

6 0
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Gala2k [10]

Answer:

promotiopeicen

Explanation:

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8 0
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