FacilitiesO LogisticsQuestion 2The objective of supply management is:O To guide the security of supply sourcesTo manage the supply base so that suitable suppliers are availableO To determine the dimensions of value important to customersO To provide improved profitability and competitive advantage for supplychain companiesQuestion 3Logistics management has numerous activities supporting eachom1 pts1 pts24°CHome

Let me provide a clear explanation for why the correct answer is "To manage the supply base so that…

Answered: Facilities O Logistics Question 2 The…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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List severalstrategic, tactical, andoperational responsibilities related to managingthe supply chain.
Explain what themain supply chain risksare and what businessescan do to minimize thoserisks.
What are the key principles and components of the Wilson approach in the context of supply chain management?
A. Explain the role of information technology in the supply chain. B. Explain TWO (2) characteristics that information must have to be useful for decision- making in a supply chain.
4.3. which term best describes Logistics management: a. Looks at the material flow process as a complete system, from initial need for materials to delivery of a finished product or service to the customerb.Focuses on minimizing costs and lead times across tiers in the supply chain to the benefit of the final customerc.Focuses on long-term supplier relationships and commodity plans with the objectives of identifying opportunities in areas such as cost reductions, new technology advancements, and supply market trendsd.Ensures that every step in the supply process adds value, that inventories are kept at a minimum level, and that distances and delays between process steps are kept as short as possiblee.Refers to the integration of supply-related functions to provide effective and efficient materials and services to the organization
1. In supply chain management, give the types of analytics that are very important to use and explain their individual purposes. 2. Why analytics is critical to supply chain management? Please answer, I really need help
1.Supply Chain coversMovement of GoodsMovement of ServicesMovement of Goods and Services2.Supply Chain is betweenCustomer to customerCustomer to SupplierSupplier to supplierSupplier to Customer3.Which one of the below is element of supply chainDistribution ManagementHuman Resorce ManagementFinance Mangement4.What is the goal of supply chainCreate Customer satisfactionCreate Supplier SatisfactionAll the aboveCreate profit5.What is inventoryIt is about stock and its valueIt is about selling of goodsIt is about movement of the goods6.Managing the activities involving the flow of supplies into and out of a company is known as what?Procurement and distributionSCMSupply chainOperations managemet7.Which of the following is involved with supply chain management?GoodsSurveys1MarketingOverhead8.Which of the following is NOT an element of supply chain management?InventoryLaborProductionDistribution and transportation9.Order processing includes the following business processes:picking, packaging,…
1.Upstream supply chain members are A. retailers B. manufacturers C. end-use customers D. suppliers 2.The integrated group of business processes that form a supply chain are A. marketing, manufacturing and finance B. procurement, production and distribution C. manufacturing and service D. demand, value, and quality 3.The bullwhip effect occurs when A. slight to moderate demand variability becomes magnified as demand information is transmitted back upstream. B. slight to moderate demand variability becomes magnified as supply information is transmitted back upstream. C. slight to moderate demand variability becomes magnified as demand information is transmitted back downstream. D. slight to moderate demand variability becomes magnified as supply information is transmitted back downstream. 4.The key element in achieving supply chain integration is A. quality management B. ISO certification C. information technology D. EDI 5.A disadvantage of RFID technology that has hindered its…
What is Logistics Management? how Logistic Management related to Supply chain management?
According to Pienaar & Vogt, (2016:1) logistics function was therefore essential for a well-coordinated supply chain fromthe point of origin to the point of consumption. You have been newly appointed as a logistics manager at Hokela Food (SA), One of your major roles would be facilitatingthe movement of products coming from farmers in the Limpopo province to supermarkets around Gauteng. Explain how you will perform your role as a logistics manager and co-ordinate supply chain activities from the point of origin to the point of consumption.
1. What weaknesses did the Covid-19 pandemic reveal concerning the supply chain practices of many companies? 2. What does the term supply chain visibility refer to, and what benefits does it bring? 3. Define and explain supply chain management systems, supply chain simplification, and collaborative commerce. 4. What is a multi-tier supply chain, and why does it pose a challenge for B2B e- commerce?
Explain the 8 step of developing the logistics strategy? Do a logistic audit The internal audit analysis Design the general feature of supply chain Set specific goals to show what each logistics activity must achieve. Design the best organizational structure, controls and system to support the logistic network. Benchmark logistic, looking at the performance of leading organisations Implementation strategy, setting the the condition for lower levels of logistic decisions. Monitor and control.

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