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A company finds that one of its warehouses is out of capacity to store products. Expanding the physical size of the warehouse is not an option. The most appropriate solution would be to increase the:
The purpose of price differentiation is to:
In a make-or-buy decision, if the product is modular and the company is dependent on knowledge and capacity, outsourcing most likely will be:
A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns. The cost savings resulting from increasing inventory turns from four to six would be:
For an item with high profit impact and low supply risk, what would be a likely procurement strategy to support the overall supply strategy?
Supply chains delivering products or services are most able to respond quickly to changing market requirements when:
Throughout most of the supply chain, safety stock will be de-emphasized as a result of improved:
The primary risk associated with outsourcing innovative components to suppliers is:
The practice of supply chain members acting in close collaboration while retaining independent ownership is known as:
A company considers moving a portion of its production to a distant country to support a major customer. Which of the following actions is most effective in mitigating the risk of financial loss in the event of a global economic downturn?

Question 190 - CSCP discussion

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A large bicycle company has outsourced manufacturing and needs to respond immediately to any logistics problems in the supply chain. The best technological solution to meet this need is:

A.
enterprise resources planning.
Answers
A.
enterprise resources planning.
B.
supply chain event management.
Answers
B.
supply chain event management.
C.
supplier relationship management.
Answers
C.
supplier relationship management.
D.
a transportation management system.
Answers
D.
a transportation management system.
Suggested answer: B

Explanation:

For a large bicycle company that has outsourced manufacturing and needs to respond immediately to any logistics problems in the supply chain, the best technological solution is supply chain event management (SCEM). This involves:

Real-Time Monitoring: SCEM provides real-time visibility into the entire supply chain, allowing the company to monitor the status of shipments, inventory levels, and other key metrics.

Event Detection and Alerts: It can detect deviations from the plan, such as delays, shortages, or quality issues, and trigger alerts to the relevant stakeholders.

Proactive Response: With SCEM, the company can respond proactively to logistics problems, mitigating their impact on the supply chain and ensuring timely resolution.

Enhanced Communication: SCEM improves communication and coordination among supply chain partners, facilitating quick and effective problem-solving.

'Supply Chain Event Management: Concepts, Capabilities, and Implementation' by Christoph Kilger and Hartmut Meyr

APICS, 'Supply Chain Event Management Systems Overview'

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asked 16/09/2024
Ravindra MG
27 questions
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