*The measure that projects the amount of inventory (stock) expressed in days of sales is called as..
)John 1 is a Project Manager Queen Ltd, a manufacturer whow works with several retail customers. Below are details of 4 retall companies he works with, how they are viewed I bY Queen Ltd and what their competitive advantage strategies are. Company 1: Company 1 provides the most competitive prices in the marketplace and is the leading market provider in terms of market share. Queen Ltd has a high value of work with Company 1 and the account is profitable to run. Company 2: This company provides a unique product to the marketplace at a premium price. The size of the account is small but growing and Queen Ltd does not need to invest much financilly into the account for this to be profitable. Company 3: Company 3 targets s a specific customer base and uses the management of logistics to achieve a cost advantage in this small market. At the moment the Cost to Serve for Queen Itd is extremely high, but t the account also raluable the s organisation, ◦ Company 4: This company is targeting a niche market of customers who have a particularly unique A. requirement. The account is not very large and John is worried that the account has high costs tO serve. Complete the table below by listing the Competitive Advantage Strategy used by each company along with the Customer Profitability as viewed by Queen Ltd. Each response should only be used once: cost focus, cost leadership, differentiation, diferentiation focus, protect, build, danger zone, cost engineer.
which following will you put into box 7?
#A company that seeks to establish large quantities and long periods with the most important vendor contracts and also share information is following which strategy?
$If the operation selects a sequencing approach which will appear fair to its customers it may choose:
^The difference between a gross material requirements plan (gross MRP) and a net material requirements plan (net MRP) is
&ERP (enterprise resource planning) most typically incorporates which of the following? Select Two.
*_______________is a demand for an item on its own, without any relationship to other items.
)Which of the following is an EU Directive aimed at reducing the amount of electronic waste that goes to landfill?
#A position of enduring superiority over competitors in terms of customer preference may be achieved through better management of logistics and the supply chain is best described as:
$In order to cope with changes in demand, organisations often use some of the following techniques as a buffer around a stable core of capacity:
^A phantom bill-of-materials is a bill-of-materials developed for
&A logistic method to distribute or supply goods from the supplier directly to the consumer with almost no storage or handling time is called as..
*The process of optimum capacity utilisation and load balancing among machines is called as ...
#What are the TWO major sources of competitive advantage that can be achieved through logistics management?
$If the operation needs to keep utilisation high it may choose:
^An MRP system that provides feedback to the capacity plan, master production schedule, and production plans is called
&Which of the following are elements of Customer Order Decoupling Points (CODP) Select Two.
*Which among the following is an approach to production planning?
#Major International Logistics Group (MILG) has invested heavily over the years in stateof-the art systems and technology and has created a recognised market leading force in logistics. It has won numerous consumer service awards and many accolades from satisfied customers. There has been a recent research study published by a leading university. The study has involved extensive data gathering from a wide range of consumers within MILG's markets. It has also included a benchmarking study which has MILG in first place across all aspects of customer satisfaction. During the year in focus of the study MILG is most likely to have performed well in which of the following?
- Reduced lead times
- Lower fixed costs
- More on time deliveries
- Increased revenues
$Which of these statements does NOT apply to independent demand (for a product)?
%If the long-term outlook is poor, but the short-term outlook is good, the operation should:
&Which one of the following is not a sequencing rule?
^A time-phased stock-replenishment plan for all levels of a supply chain is called
*The process of scheduling a planned order release date and scheduling of subsequent activities thereafter is called as...
#The European Article Number (EAN) is a barcode standard, a 13-digit product identification code. Each EAN uniquely identifies the product, _________, and its attributes; typically, the EAN is printed on a product label or packaging as a bar code.
