Which of the following is an example of good organizational skills ?

The cycle view of the supply chain is useful when considering operational decisions, because Select one: a. it focuses on proces

almond37 [142]

Answer:

c. it specifies the roles and responsibilities of each member of the supply chain.

Explanation:

Supply chain management (SCM) can be defined as the effective and efficient management of the flow of goods and services, as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The key principle of supply chain management can be best summed up as collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

Hence, the supply chain comprises of processes which are typically divided into four (4) cycles;

1. Customer order cycle: it involves the process of receiving an order from a customer, entry and fulfillment of orders.

2. Replenishment cycle: it includes receiving, entry and fulfillment of retail orders.

3. Manufacturing cycle: it includes the process of converting raw materials into finished products.

4. Procurement cycle: this includes shipping or receiving raw materials and production schedules.

The cycle view of the supply chain is useful when considering operational decisions, because it specifies the roles and responsibilities of each member of the supply chain.

8 0

3 years ago

epper Department store allocates its service department expenses to its various operating (sales) departments. The following dat

ad-work [718]

Answer:

Pepper Department Store

The total advertising expense allocated to Department B is:

= $24,000.

Explanation:

a) Data and Calculations:

Expense Basis for allocation Amount

Rent Square feet of floor space $ 49,000

Advertising Amount of dollar sales $ 80,000

Administrative Number of employees $ 120,000

Department Square Feet Dollar Sales Number of employees

A 5,500 $ 355,000 31

B 5,900 $ 375,000 33

C 6,100 $ 520,000 35

Totals 17,500 $ 1,250,000 99

Advertising Expense Allocation:

Department A = $22,720 (355,000/$1,250,000 * $80,000)

Department B = $24,000 ($375,000/$1,250,000 * $80,000)

Department C = $33,280 ($520,000/$1,250,000 * $80,000)

6 0

3 years ago

Question 7 of 10

garik1379 [7]

Answer:

Foreclosure appeexx

6 0

3 years ago

Read 2 more answers

How would one establish a petty cash fund for $500?

Sindrei [870]

Answer:

Explanation:

It's B

7 0

2 years ago

Assume the XYZ Corporation is producing 20 units of output. It is selling this output in a purely competitive market at $10 per

IgorC [24]

Answer:

Economic profit will be $40

So option (d) will be correct option

Explanation:

We have given number of units produced = 20 units

Price of per unit = $10 per unit

So revenue = 20×$10 = $200

Revenue :20 units * $10 = 200

Fixed cost is given $100

Variable cost: 20 units ×$3 = 60

So total cost= Fixed cost + Variable cost = 100 + 60 =$160

So economic profit = Revenue - Total cost = 200 - 160 = $40

So option (d) will be correct answer

6 0

3 years ago