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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 353 - CSCP discussion

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A company plans to implement a new software application for inventory optimization. Which of the following actions will most likely reduce the implementation time?

A.
Purchase the new software and host it on secure cloud servers
Answers
A.
Purchase the new software and host it on secure cloud servers
B.
Develop the new software in-house and purchase additional hardware
Answers
B.
Develop the new software in-house and purchase additional hardware
C.
Purchase the new software and customize it
Answers
C.
Purchase the new software and customize it
D.
Integrate the new software with supply chain partners
Answers
D.
Integrate the new software with supply chain partners
Suggested answer: A

Explanation:

Purchase vs. Develop In-House: Purchasing software rather than developing it in-house saves significant time, as the development process is lengthy and requires extensive testing and debugging.

Cloud Hosting Benefits: Hosting on secure cloud servers eliminates the need for setting up and configuring hardware infrastructure, which can be time-consuming. Cloud hosting providers often offer robust security, scalability, and maintenance, further reducing implementation time.

Customization and Integration: Customizing purchased software or integrating it with existing systems (Options C and D) generally increases the complexity and duration of the implementation process. Therefore, simply purchasing and hosting the software on the cloud (Option A) is the most time-efficient approach.

Jacobs, F. R., Chase, R. B., & Lummus, R. R. (2014). 'Operations and Supply Chain Management.' McGraw-Hill Education.

Simchi-Levi, D., Kaminsky, P., & Simchi-Levi, E. (2008). 'Designing and Managing the Supply Chain: Concepts, Strategies, and Case Studies.' McGraw-Hill.

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asked 16/09/2024
Jose Manuel Belmonte Martinez
34 questions
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