1. How has Altera modified its strategy? Why? Altera learned a hard lesson in inventory management after losing $115 million worth of inventory in the 2000-2001 timeframe. Altera produced its programmable logic devices and stocked them in warehouses waiting for customer demands. Their thought was to provide a cost advantage to their customers by having readily available stocks. Altera also leaned forward to help customers by building new products from specs. This push strategy backfired‚
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MGT 502 Final Review Questions 1. List and explain the three ways to decrease process throughput time. 1) Perform activities in parallel a. A serial approach results in the throughput time for the entire process being the sum of individual steps plus transport and waiting time between steps. Using a parallel approach can reduce throughput time by as much as 80 percent and produces a better result. 2) Change the sequence of activities b. Altering the sequence of activities
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Discuss‚ using examples‚ how the relationship between operations in a supply chain can affect way the chain works. Supply chains are an important factor in the running of a company. A lot of business decisions can be based on how well the supply chain is flowing. The relationship between different operations within a supply chain can have a huge impact on the way the chain works‚ depending on how well these relationships are managed. This is why companies try to practice good supply chain management
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to variability in demand from its distributors. In order to bring things back and to improve its margins. I have studied the reasons for this opposition by several facts and have suggested recommendations. I suggest that in order to condense the Bullwhip effect being experienced by Barilla‚ their supply chain would have to be centralized. I have given my rationale for the JITD system to work and have suggested recommendations to resolve all existing issues. I think that a centralized supply chain
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Multiple Choice 1. Organizations continue to run older business systems‚ called ______________ because they form the core of mission-critical computing systems. a. Reduced-function IT b. Last gen software c. Legacy systems d. Bloat-ware 2. Enterprise systems are integrated ISs that support core business processes and functions. How is integration achieved? a. Integration is achieved by connecting wired and wireless computer networks so they can share applications. b. Integration is achieved
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customers with their product because demand is a lot higher than expected. Also‚ the obsolescence of supply chain inventory as demand for certain products disappears. Furthermore‚ using forecasts and past customer demands can lead to the dreaded bullwhip effect. Because of the number one rule of forecasts‚ the forecasts is always wrong‚ a company can have excessive inventories that stem from the need of large safety stocks and less than desirable levels of service. The excessive amounts of inventory
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work effectively by having the DRP system be as the outside eyes of entry to the MRP to help it better plan manufacturing of finished goods and not have over or underproduction levels which will incur extremely great costs of occurred and cause a bullwhip effect. It also refers to the management and planning of inventory and materials flow from the manufacturer to retailer to customer with the use of effective warehousing
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Customer Offer Fresh and Fast: Quality: • Fast production and delivery on leading styles • Limited quantities for each style (scarcity) • Medium raw material‚ poor knit‚ grand look • Highly fashionable items at low price Offers Cost: Flexibility • Low monetary cost • Low time cost • Limited variety and choices • Customer’s participation in determining the next batch ZARA’S PRODUCT LIFE CYCLE TYPICAL PRODUCT LIFE CYCLE • Sales decreases as the product moves
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Zara: Case questions 1. Coordination of a supply chain is always important. However‚ such efforts are usually initiated by certain parties. For the global apparel industry‚ would it be more suitable for downstream or upstream parties to be the driver of the coordination? Motivate your answer with the use of two important characteristics of the apparel industry. 2. Clearly Zara has a strong relationship with all parties within the supply chain. a) Which of the following retailer-supplier relationships
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Chapter 10 Learning Objectives: 1. Understand Total Quality Management a. Total quality management i. managing the entire organization so that it excels on all dimensions of products and services that are important to the customer b. Two fundamental operational goals i. Careful design of the product or service ii. Ensuring that the organization’s systems can consistently produce the design c. TQM Commitments i. Commitment to total customer satisfaction ii. Commitment to understanding and improving
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