Operations Management Which of the following statements is FALSE? a. Higher product variety makes it harder to forecast demand for individual SKUS. o. Product proliferation results in higher inventory holding costs. c. Customers always benefit from and prefer very high levels of product variety. d. Product proliferation typically increases production costs due to the need for more production setups.

Operations Management Which of the following statements is FALSE? a. Higher product variety makes it harder to forecast demand for individual SKUS. o. Product proliferation results in higher inventory holding costs. c. Customers always benefit from and prefer very high levels of product variety. d. Product proliferation typically increases production costs due to the need for more production setups.

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...

See similar textbooks

Similar questions

D. Purchase requisition. For effective planning and control decisions, managers must focus on the following A. Continuous improvement and benchmarking B. Key success factors C. Value chain and supply chain analysis D. Sustainability The key document that contain information relating to a particular job is called
Which of the following terms describes: "the flow of goods, services, and information from the initial sources of materials and services to the delivery of products to consumers"? a. enterprise resource planning (ERP). b. customer list. c. supply chain. d. material requirements planning (MRP).
Finance manager does not have to deal with other functional department Select one: True False
Zhu Manufacturing is considering the Introduction of a family of new products. Long-term demand for the product group is somewhat predictable, so the manufacturer must be concemed with the risk of choosing a process that is inappropriate. Faye Zhu is VP of operations. She can choose among batch manufacturing or custom manufacturing, or she can invest in group technology, Zhu won't be able to forecast demand accurately until after she makes the process choice. Demand will be classified into four compartments: poor, fair, good, and excellebt The table below indicates the payoffs (profits) associated with each processidemand combination, as well as the probabilities of each long-term demand level: Demand Poor Fair Good Excellent Probability Batch Custom 0.15 0.40 -$300,000 $100,000 $1,200,000 $800,000 $400,000 $00,000 0.30 $1,200,000 $750,000 $500,000 0.15 $1,300,000 $800,000 $2,200,000 Group technology a) The alternative that provides Zhu the greatest expected monetary value (EMV) is…
1.The managers of Kai’s Catering want to increase the number of events booked by 20%. To accomplish this, a(n) ________ was established to include clear weekly targets for number of deposits received. Multiple Choice means-end chain operating plan strategic plan scenario analysis 2. Prior to Apple’s debut of the iPhone, Microsoft was also working on a revolutionary smart phone. Microsoft was already one of the world’s leading technology companies with thousands of engineers and designers with hundreds of millions of dollars for their R&D budget. Despite having a solid strategy and adequate resources, Microsoft derailed cross-departmental cooperation, perpetuated unhealthy competition among its employees, and ultimately Multiple Choice closed the business due to a labor strike. failed to implement its strategy. developed a competitive advantage in smart phones. fired Bill Gates. 3. You receive a memo that reads as follows: “In recent months, our customer evaluations have…
Match To the correct concept ✓ A fast food supplier switches to a fair trade coffee. This costs them $0.03 more per cup but they raise prices by $0.05 and see a volume boost. ✓ P&G works with top retailers to understand customer behavior. They pass this information to their suppliers to create new packaging options, scents, and other products. ✓ Frito-Lay sends a truck and employee to each location to count and re-stock inventory themselves, rather than wait for a customer (retail manager) to order it. ✓ Long delays and demand uncertainty cause information to be distorted (more variable and less reliable) across the supply chain. A. Total Value Perspective B. Collaborative planning, forecasting, and replenishment (CPFR) C. Bullwhip Effect D. Vendor Managed Inventory (VMI)
Well water inc. wants to produce and sell a new flavored water in order topenetrate the market, the product will have to sell at 2.60 per 12 oz bottle thefollowing data has been collected: Annual sales 50,000 bottlesProjected selling and administrative costs 8,000Desired profit 80,000The target cost per bottle is _____ per bottle (2 decimal places)
Fill the following table for cookies sold in a bakery. Indicate by a checkmark which customer requirements and which technical requirements are related. Use "V" to show the relation and "x" to indicate that there is no relation. Technical Requirements Handling (Click to select) (Click to select) ♥ (Click to select) Customer Requirements Ingredients |(Click to select) (Click to select) ♥ (Click to select) Preparation |(Click to select) ♥ |(Click to select) |(Click to select) Taste Appearance Texture/Consistency in food quality
The term in the airline industry may be used to refer to s situation where an empty seat is recorded on a flight. Select one: a. Marginal cost b. Overhead cost c. Marginal loss d. Revenue loss Widner Industries reports annual sales of Ghc160 million, cost of goods sold of Ghc120 million, inventory of Ghc20 million, and net income of Ghc5 million. What is Widner's annual inventory turns? Select one: a. 8 turns per year b. 6 turns per year c. 0.17 turns per year d. 4 turns per year
The U.S. Airfilter company has hired you as a supply chain consultant. The company makes air filters for residential heating and air-conditioning systems. These filters are made in a single plant located in Louisville, Kentucky, in the United States. They are distributed to retailers through wholesale centers in 100 locations in the United States, Canada, and Europe. You have collected the following data relating to the value of inventory in the U.S. Airfilter supply chain: QUARTER 4 (ОСТОВER THROUGH QUARTER 3 (JULY THROUGH SEPTEMBER) All amounts in millions of U.S. dollars QUARTER 1 (JANUARY THROUGH MARCH) QUARTER 2 (APRIL THROUGH JUNE) DECEMBER) Sales (total quarter): United states 375 70 15 300 350 60 405 75 Canada 75 Europe 30 33 20 Cost of goods sold (total quarter) 280 295 340 350 Raw materials at the Louisville plant (end-of-quarter) 50 40 55 60 Work-in-process and finished goods at the Louisville plant (end-of-quarter) 100 105 120 150 Distribution center inventory…
Chase strategy is considered a sales and operations planning strategy such that: Select one: a. involves hiring and laying off staffs to match the demand forecast b. includes overtime, under-time, and vacation planning to match the demand forecast c. Build anticipation inventory to meet the variability in demand. d. deliberates the full range of supply options
Please answer in excel format A bike company receives bike orders every week and fulfills them according to order’s type. The following table shows frequency and price of the company's products. a) Assuming each order is for only one product, simulate 12 orders using the following table. Fill out gray areas with appropriate Excel functions. NOTE: Use the random numbers shown in the table. b) Calculate average and total price.