A large restaurant with locations throughout the United States has a long-term partnership with Tyson for its poultry and a prod
uce distributor for its fruits and vegetables. These relationships reduce inefficiencies and costs and result in higher customer satisfaction. This restaurant is successfully using _____.
The supply chain management is one of the effective method that control the flow of various type of goods and the services by transforming all the raw material into the final product.
The supply chain management plays an important role as it provide the customer satisfaction management and also increase the competitiveness in the market.
The main goal of the supply chain management is that it enhanced the responsiveness in an organization, build the network resiliency and also give the customer value.
There are various types of benefits that the supply chain management provide are as follows:
Reduce the overall cost effect
Providing the high efficiency rate
Enhance the network of the supply chain management
supply chain management is the management process or planning process that involve movement of raw material to production of goods.
it involves all those process which make the company profitable by providing the raw material at right time to fulfill the demands of customers
By using supply chain management complexity in providing raw material to manufacture unit is excluded. Hence this result in higher customer satisfaction and higher benefits
Self-managed teams are made up of a group of workers that are responsible for defining and signing responsibilities and tasks. They tend to be extremely integrated groups that work very well together. As their name suggests, they are allowed to make decisions and manage themselves, including the supervision and control of each member's performance.
The answer and procedures of the exercise are attached in the following archives.
Notes: All working are part of answer and provided as an ‘Equation Column’
BOLDED portion is the part of required answer
Requirement 1: Budgeted Production in Sq. yards
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
B) the less an additional unit of capital adds to production
Explanation:
The diminishing return state that if everything else is held constant, each additional unit will increase production by a fewer amount than previous one. That's because the same amount of resource can only use efficiently a certain amount of capital then there is a loss in this good use and therefore, the output do not increase at the same rate as we add up capital.
A person can do a good use of several type of tool for building a house but I can only use one or two at the time
Adding more tools can increase productivity but in the end there is only one person working.
