1-Products with high demand uncertainty usually result in
|A.||Difficulty in matching demand|
|B.||Stock out or over supply|
|C.||Marked downs in case of over supply|
|D.||Stockout when there is under supply|
|E.||All of the above|
2- --------------- strategy specifies the portfolio of new products that the company will try to develop.
3-Efficient supply chains are able to meet customer needs
|A.||At the highest cost|
|B.||With wide range of quantities demanded|
|C.||As fast as possible|
|D.||At the lowest cost|
4-Which of the following is not an attribute of responsive supply chains?
|A.||Satisfy demand at lowest cost|
|B.||Meeting short lead times|
|C.||Meet high service level|
Handle large varieties of products
The answer to the following questions:-
1. E. All of the above
This is because the uncertainty in demand will cause the stick to either be out or oversupplied which would mean that it would be hard to match the demand, as well as stockouts and markdowns, are prone to occur.
2. Product development strategy.
This is because product development strategy will include all the phases of the product design and development.
3. D. At the lowest cost
This is because, from the two types of supply chains, the efficient supply chain focuses on low cost to the consumers while the flexible supply chain focuses on wider quantity and fast supply time.
4. A. Satisfy demand at the lowest cost.
This is because the cost is the intention of efficient supply chain and not responsive supply chain which is based on the product.
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