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.
Answer:
It is more convenient to produce the sails in house.
Explanation:
Giving the following information:
Riggs purchases sails at $ 250 each, but the company is considering using the excess capacity to manufacture the sails instead. The manufacturing cost per sail would be $ 100 for direct materials, $ 80 for direct labor, and $ 90 for overhead. The $ 90 overhead includes $ 78,000 of annual fixed overhead that is allocated using normal capacity.
Because there will not be an increase in fixed costs, we will not have them into account.
Variable overhead= 90 - (78,000/1,200)= 25
Unitary variable cost= 100 + 80 + 25= 205
It is more convenient to produce the sails in house.
Answer:
The reasons for using the variable-cost approach include all of the following except
this approach provides the most defensible bases for justifying prices to all interested parties.
Explanation:
This is not part of the reasons for using the variable-cost approach. But options b, c, and d are certainly the reasons why the variable-cost approach is used. The variable-cost approach provides a differential analysis for decision-making. It assigns overhead costs to the period in which they are incurred, while other variable costs are assigned to the merchandise produced within that period. Thus, by excluding fixed manufacturing overhead cost, only the direct costs associated with production are used in accounting for the product's costs.
Answer: companies should try to support the economic, social, and environmental spheres of sustainability.
Explanation:
The triple bottom line is simply an accounting framework that consist of three parts which are the social, financial and the environment.
The triple bottom line philosophy says that organizations should not only focus on the financial aspect(profit) alone but should also focus on the environment and the social aspect of the society.
Therefore, the triple-bottom-line philosophy says that companies should try to support the economic, social, and environmental spheres of sustainability.
The Roll up project budget method is used to cover cost changes for a project,
The roll up budget method is used to measure and identify the money inflow and outflow of the particular project. The roll-up budget is a technique that uses expertise to determine cost and productivity throughout the full life-cycle of projects.
The roll up budget method is also called continuous budgets. Based on the project, it is updated monthly or quarterly or annually. These budgets enlarge incrementally as time passes,
Rolling up the budget helps to achieve flexibility in their planning process plus decision-making,
This impact on changing market conditions, business disruptions, and unforeseen opportunities with greater liveliness.
Perform more effective performance management by re-aligning, spending and resource allocation at regular intervals to compete in the business environment and improve viable benefits.
To learn more about Project Budgeting
brainly.com/question/29220068?referrer=searchResults
#SPJ4
