GlobaTech Electronics is facing several challenges in its gl…
GlobaTech Electronics is facing several challenges in its global supply chain. Recent disruptions include late shipments due to port congestion, inconsistent quality from offshore suppliers, and unexpected cost increases due to currency fluctuations. To ensure continuity and resilience, the company’s operations team is reviewing possible actions. Which of the following actions should GlobaTech take to reduce its supply chain risks? Select all that apply.
Read DetailsApex Electronics, a regional distributor of consumer electro…
Apex Electronics, a regional distributor of consumer electronics, is re-evaluating its inventory management strategy. The operations team is focused on striking the right balance between maintaining enough inventory to satisfy customers and minimizing inventory-related costs. The CFO notes that inventory currently represents almost 50% of total invested capital, making it one of the company’s largest assets. Meanwhile, the operations director is concerned that holding too much inventory could reduce efficiency, while holding too little could lead to missed sales. To improve decision-making, the team reviews key principles of inventory management. Which of the following statements are consistent with effective inventory management principles? Select all that apply.
Read DetailsA supply chain consists of five tiers: Customer, Retailer, W…
A supply chain consists of five tiers: Customer, Retailer, Wholesaler, Distributor, and Factory. Over the past 10 weeks, the order quantities at each stage were recorded as follows: Week Customer Retailer Whole Saler Distributor Factory 1 0 1 7 2 10 2 0 2 4 5 11 3 1 0 3 2 5 4 3 3 0 7 10 5 2 6 0 4 3 6 2 6 3 5 5 7 1 5 6 2 8 8 3 1 1 1 2 9 1 4 3 6 0 10 4 2 8 8 6 Mean 1.70 3.00 3.50 4.20 6.00 Variance 1.44 4.18 6.34 5.14 11.82 Questions: Which of the following statements best explains the data in the context of the bullwhip effect? [bullwhip] What would be the least effective strategy to reduce bullwhip effect? [strategy]
Read Details