Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
bartleby

Concept explainers

bartleby

Videos

Question
Book Icon
Chapter 6.9, Problem 24P
Summary Introduction

Interpretation:One of the concepts in supply chain management is postponement. Apply this concept to postpone some of your decisions before going on a holiday trip.

Concept Introduction:Postponement is a strategy to delay (postpone) investing in one or more supply items till a predetermined time/event. This reduces/delays the extent of investment of money and space as far as practical to maximize profits.

Blurred answer
Students have asked these similar questions
As a response to COVID -19 issue, Kurmitola General Hospital, Dhaka, has started treating coronavirus patients since last month. Healthcare workers are on the frontline toward the COVID-19 response. Two volunteers from North South University intend to join in Kurmitola General Hospital to assist the medical team. Since they do not have any technical knowledge, they will be helping the team with activities like registering the patients, providing initial information about treatment, collecting samples, etc. As the manager of this hospital, you must arrange training for these volunteers to enhance their skills and willingness to work. Therefore, list and briefly explain the steps you will follow to train these individuals. How would you measure the effectiveness of the provided training?
When creating an Event, which field reflects the current stage of the negotiating process and controls whether the rooms, space, and items will deduct from inventory?
What is the optimal role of a C-level post, strategically integrated into decision making in an organization?
Knowledge Booster
Background pattern image
Operations Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Text book image
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Text book image
Business in Action
Operations Management
ISBN:9780135198100
Author:BOVEE
Publisher:PEARSON CO
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY