Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Business Analytics (MindTap Course List)
Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Business Analytics (MindTap Course List)
8th Edition
ISBN: 9781305947412
Author: Cliff Ragsdale
Publisher: Cengage Learning
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The Bright Company wants to figure out the best way to ship their new product, Flying Widgets, from their factories through their warehouses to their retail outlets. They would like to set up a Transhipment table so they can use POM to find the least cost shipping routes. They have hired you to set up the Transhipment table based on the information below. You will be paid handsomely if you can come up with the correct table. Shipping Costs Shipping Costs 01 02 03 04 Wi W2 W3 W1 4. 2 F1 4 W2 4 F2 4 2 W3 4. 3. 4. Also, Flying Widgets can be shipped from Factory 1 to Factory 2 for $3 per unit. Factory 1 can produce 300 units and factory 2 can produce 100 units. Outlet 1 demand is 50 units, Outlet 2 is 150 units, Outlet 3 is 100 units, and Outlet 4 is 100 units.
Supply chain management (SCM) is a critical component of organizational management that focuses on the efficient coordination of the flow of goods, services, and information from raw material suppliers to end customers. Effective supply chain management involves the strategic planning and execution of processes to optimize the procurement, production, and distribution of products or services. Key aspects of SCM include supplier relationship management, inventory management, logistics, and demand forecasting. By streamlining supply chain processes, organizations can minimize costs, improve operational efficiency, and enhance customer satisfaction. Additionally, SCM plays a vital role in risk management by identifying potential disruptions and implementing contingency plans to mitigate their impact. In today's globalized and interconnected marketplace, effective supply chain management is essential for maintaining competitiveness and resilience. How can organizations leverage technology…
The AB e-commerce company has started operating by using a 3PL partner and benefits from saving time and money with a more streamlined order fulfillment process and inventory management. By outsourcing fulfillment, the 3PL is automatically notified when an order is placed.Also, partnering with a 3PL helps reduce logistics costs in the long run. Unlike hiring an internal team to manage inventory and shipping, 3PLs store the inventory and their team of fulfillment experts are trained to keep overall logistics costs down. Furthermore, 3PL arrangement helps split inventory across locations so the company can eliminate shipping to the highest, most expensive shipping zones and keep inventory closer to more customers.To have a more integrated distribution process, would reducing dependency on 3PL be a viable option in the long term for the AB company for cost management and control? Justify with your understanding of supply chain management concepts. also, using your knowledge of other open…

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Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Business Analytics (MindTap Course List)

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