Answer:
Today, it seems obvious the obsolescence of the industrial paradigm based on the optimization of processes in the supply chain as if they were specific functions, whose objective was to improve their efficiency and stability. Companies must evolve from this industrial approach based on the internal efficiency of the processes to a paradigm focused on the added value that is given to customers with a global vision of the chain. The factor that catalyzes all these changes is the increase in an increasingly demanding and personalized demand from customers. In addition, global competition allows stimulating this change and forces manufacturers to seek new ways to produce the agreement to the changing and personalized needs of the market.
Explanation:
During the 80s manufacturers used JIT, TQM and other programs to improve production efficiency. Today, when customers request more specialized products and services tailored to meet their demands. There is a growing need to make mass customized products. The manufacturers of mass-produced items are analyzing how these production practices can be modified to increase their flexibility. Customization strategies that emphasize flexibility, low cost, high quality and efficient production of small lots are gaining ground very quickly.
There is a need for the integration of business operations in the supply chain. Develop new products in which they are involved in marketing, research and development, production, logistics and finance. It is important to link suppliers in the product development process and also that of second level suppliers. Finally, the linking of the consumer and the customer is essential.
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The four toys were all marketed for a new kids movie that was coming out, so a lot of kids wanted those four toys becase they had already seen the movie.
Answer:
e. 78,000 hours, 85,000 hours, and 94,000 hours.
Explanation:
The flexible cash budget is that budget which is adjusted according to the volume changes
Like in the question, it is given that
Expected machine hours = 85,000 machine hours
Drop activity = 78,000 hours
Increase in activity = 94,000 hours
So, we recognize all of three for flexible cash budget to make the comparison and take the decision accordingly based on the best performance