Applying lean systems principles to supply chain relationships leads to maximizing the number of suppliers.
True OR False - explain why!
It is false because lean systems principles are generally applied to maximize quality of a product and to minimize waste of the resource. In the lean concept it is seen that the product is produced in possible lead time in good quality and whatever the waste in the process of production is minimized in this process.
Applying lean systems principles to supply chain relationships leads to maximizing the number of suppliers. True...
Supply Chain Management Concepts, Motivation and Challenges in Supply Chain Management Responsive vs Efficient Supply Chain Information Systems in Supply Chain Management Bullwhip Effect, Outsourcing, Supplier Relationship What is the most important function in Operations management? Relationships- Why is this statement true?
Supply Chain Risk A substantial portion of the Company’s product assortment is sourced from foreign suppliers, lengthening the supply chain and extending the time between order and delivery to its DCS. Accordingly, the Company is exposed to potential supply chain disruptions due to foreign supplier failures, extreme weather events, geopolitical risk, labor disruption or insufficient capacity at ports, and risks of delays or loss of inventory in transit. The Company mitigates these risks through the use of advanced tracking systems...
1. Practice Question 01 The creation of value for a customer is an important aspect of supply chain management. a. True b. False Answer: 2. Practice Question 02 Information, goods, and services flow both upstream and downstream in a supply chain. a. True b. False Answer: 3. Practice Question 04 A supply chain is an integrated group of processes that source, make, and deliver products. a. True b. False Answer: 4. Practice Question 05 The purchasing of goods and services...
Supply chains are one-way relationships showing the flow of products from manufacturers to patients. True False Expired or obsolete items are two causes of inventory shrinkage. True False Perpetual inventory systems have an unfortunate risk of increasing the probability of stockouts. True False
Case Study: Supply Chain Trends The Do-Green Solar Systems case addresses challenges faced by a Canadian manufacturer as a result of the CUSMA trade agreement. As you read through the case, think abou the challenges, risks and complexities in changing their supply chain from North Americanto Internationalmarkets. Do-Green Solar Systems Taylor Douglas, V.P of Do-Green Solar Systems, was evaluating the strategic position of the company. With the new Canada-United States-Mexico (CUSMA) agreement in place and the uncertainty around future trade...
Question 28 (4 points) A plant operates on Just-in-Time/lean principles. The total production requirements for next three days are 3000 units of X, 300 units of Y, and 1200 units of Z. Assume that the plant has enough capacity to produce all of the units within the three-day period. Which one of the following plans best represents uniform plant loading for this plant? Question 28 options: Produce 3000 units of X on day 1, 300 units of Y on day...
Case Study: Supply Chain Trends The Do-Green Solar Systems case addresses challenges faced by a Canadian manufacturer as a result of the CUSMA trade agreement. As you read through the case, think abou the challenges, risks and complexities in changing their supply chain from North Americanto Internationalmarkets. Do-Green Solar Systems Taylor Douglas, V.P of Do-Green Solar Systems, was evaluating the strategic position of the company. With the new Canada-United States-Mexico (CUSMA) agreement in place and the uncertainty around future trade...
Case Study: Supply Chain Trends The Do- Green Solar Systems case addresses challenges faced by a Canadian manufacturer as a result of the CUSMA trade agreement. As you read through the case, think abou the challenges, risks and complexities in changing their supply chain from North Americanto Internationalmarkets. Do-Green Solar Systems Taylor Douglas, V.P of Do- Green Solar Systems, was evaluating the strategic position of the company. With the new Canada-United States Mexico (CUSMA) agreement in place and the uncertainty...
Explain why each of the following statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate. Unsupported answers will receive no marks. It is the explanation that is important. a. An increase in consumer incomes will result in an increase in the price of any consumer goods. b. If the unemployment rate decreases, we can be sure that the number of unemployed workers has decreased.
A. Select the true and false sentences 1. You can increase responsiveness by increasing the number of facilities, making them more flexible, or increasing capacity 2. Increasing number of facilities increases facility and inventory costs, decreases transportation costs and increases response time 3. Inventory is needed when there is mismatch between supply and demand 4. Increasing inventory generally makes the supply chain more responsive 5. Level of Product Availability is The fraction of demand that is served on time from...