<span>Compared to standardized production, customized production has relatively low product runs/high costs.
When a company uses standardized product, they are able to mass produce and typically, keep costs lower for themselves and consumers. When something is produced and customized, since they aren't making a large quantity (hence, custom) the costs are normally higher and they are aren't have a longevity of that particular product.
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True, if you charged a fee for the service, you could afford better speeds, but less people would use it.
Answer:
Explanation:
Just in time or JIT is an inventory management strategy that aims at availing goods or raw materials when they are needed for production. JIT aligns materials delivery schedules with the production timetable. This strategy increases efficiency and reduces wastage by ordering goods only when they are required.
For just in time strategy to be successful, a business must have reliable suppliers. Purchasing inventory in bulk holds a lot of capital. By implementing JIT, a company will manage its cash flow better. JIT helps reduces wastage as items stored in bulk are likely to get damaged or lost.
H&M has adopted a Just in time inventory management strategy due to the low level of merchandise held. Frequent ordering suggests that the orders are based on requirements. H&M must be keen on its order management strategy to avoids the risks of frequent stock-outs.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The budgeted sales price is $ 12.00 per stapler, the variable costs are $ 2.00 per stapler, and budgeted fixed costs are $ 10,000. What is the budgeted operating income for 4,600 staplers?
Sales= 12*4,600= 55,200
Variable cost= 2*4,600= (9,200)
Contribution margin= 46,000
Fixed costs= (10,000)
Net operating income= 36,000
Answer:
D) planning master scheduling, material requirements planning, capacity requirements planning, detailed scheduling
Explanation:
The sequence of operational planning and control tasks that follow sales and operations planning is planning master scheduling, material requirements planning, capacity requirements planning, detailed scheduling.
Sales and operations planning (S&OP ) is a monthly integrated business management process that enables the executive management team to continually achieve objectives such as focus, control inventory costs, alignment and improve service levels of the organization.