In this approach to managing capacity, a firm subcontracts peak production so that internal production remains level and can be done cheaply.

In this approach to managing capacity, a firm subcontracts peak production so that internal production remains level and can be done cheaply. A) Time...

In this approach to managing capacity, a firm uses a temporary workforce during the peak season to increase capacity to match demand.

In this approach to managing capacity, a firm uses a temporary workforce during the peak season to increase capacity to match demand. A) Time flexibility...

In this approach to managing capacity, a firm uses flexible work hours by the workforce to manage capacity to better meet demand.

In this approach to managing capacity, a firm uses flexible work hours by the workforce to manage capacity to better meet demand. A) Time flexibility...

A firm can vary supply of product by controlling

A firm can vary supply of product by controlling A) revenue. B) pricing. C) demand. D) capacity Answer: ...

A firm can vary supply of product by controlling

A firm can vary supply of product by controlling A) inventory. B) pricing. C) demand. D) revenue Answer: ...

______ variability is change in demand that can be forecasted.

______ variability is change in demand that can be forecasted.  A) Capacity B) Predictable C) Inventory D) Backlog Answer: ...

As the product margin declines, promoting during the peak demand period becomes

As the product margin declines, promoting during the peak demand period becomes A) less profitable. B) more profitable. C) less of a risk. D) more...

Promoting during a peak demand month may decrease overall profitability if

Promoting during a peak demand month may decrease overall profitability if A) a small fraction of the demand increase results from a forward buy. B)...

Average inventory

Average inventory A) increases if a promotion is run during the peak period. B) increases if a promotion is run during the off-peak period. C) decreases...

Offering a promotion during a peak period that has significant forward buying

Offering a promotion during a peak period that has significant forward buying  A) creates a desirable demand pattern. B) creates a demand pattern...

In general, as the fraction of increased demand coming from forward buying grows, offering the promotion during the peak demand period becomes

In general, as the fraction of increased demand coming from forward buying grows, offering the promotion during the peak demand period becomes A)...

Customers moving up future purchases to the present is

Customers moving up future purchases to the present is A) market growth. B) stealing share. C) forward selling. D) forward buying. E) none of the...

Customers substituting the firm's product for a competitor's product is

Customers substituting the firm's product for a competitor's product is A) market growth. B) stealing share. C) forward selling. D) forward buying. E)...

An increase in consumption of the product either from new or existing customers is

An increase in consumption of the product either from new or existing customers is A) market growth. B) stealing share. C) forward selling. D) forward...

One key to successful collaboration when the supply chain is performing aggregate planning is

One key to successful collaboration when the supply chain is performing aggregate planning is A) determining how losses will be allocated to different...

When planning, the goal of all firms in the supply chain should be to maximize supply chain profits because

When planning, the goal of all firms in the supply chain should be to maximize supply chain profits because A) this leaves them less profit to divide...

Pricing decisions based only on revenue considerations often result in

Pricing decisions based only on revenue considerations often result in A) a decrease in overall profitability. B) an increase in overall profitability. C)...

The promotion and pricing decisions made by marketing and sales typically have the objective of

The promotion and pricing decisions made by marketing and sales typically have the objective of A) maximizing profitability. B) minimizing profitability. C)...

The pricing and promotion decisions are often made by

The pricing and promotion decisions are often made by  A) marketing and sales. B) marketing and operations. C) operations and sales. D) marketing,...

Supply chains can influence demand by using

Supply chains can influence demand by using A) production capacity and inventory. B) pricing and other promotions. C) price promotions and inventory. D)...

When most of the products a firm produces have the same peak demand season, in order to meet predictable variability with inventory, it must

When most of the products a firm produces have the same peak demand season, in order to meet predictable variability with inventory, it must A) use...

Which of the following is an approach that firms can use when managing inventory to meet predictable demand variability?

Which of the following is an approach that firms can use when managing inventory to meet predictable demand variability? A) Time flexibility from...

Which approach to capacity management would only be effective if the overall demand across all the products is relatively constant?

Which approach to capacity management would only be effective if the overall demand across all the products is relatively constant? A) Time flexibility...

Which approach to capacity management would use production machinery that can be changed easily from producing one product to another?

Which approach to capacity management would use production machinery that can be changed easily from producing one product to another? A) Time flexibility...

Which approach to capacity management would require that the workforce be multi-skilled and easily adapt to being moved from line to line?

Which approach to capacity management would require that the workforce be multi-skilled and easily adapt to being moved from line to line? A) Time...

The key to which capacity management approach would involve having both volume (fluctuating demand from a manufacturer) and variety flexibility (demand from several manufacturers) to be sustainable?

The key to which capacity management approach would involve having both volume (fluctuating demand from a manufacturer) and variety flexibility (demand...

Which approach to capacity management would use a part-time workforce to increase capacity flexibility by enabling the firm to have more people at work during peak periods?

Which approach to capacity management would use a part-time workforce to increase capacity flexibility by enabling the firm to have more people at work...

Which approach to capacity management would schedule the workforce so that the available capacity better matches demand?

Which approach to capacity management would schedule the workforce so that the available capacity better matches demand? A) Time flexibility from...

Which approach to capacity management makes use of overtime, which is varied to match the variation in demand?

Which approach to capacity management makes use of overtime, which is varied to match the variation in demand? A) Time flexibility from workforce B)...

Which approach to capacity management makes use of spare plant capacity that exists in the form of hours when the plant is not operational?

Which approach to capacity management makes use of spare plant capacity that exists in the form of hours when the plant is not operational? A) Time...

Which approach to capacity management may be hard to sustain if the labor market is tight?

Which approach to capacity management may be hard to sustain if the labor market is tight? A) Time flexibility from workforce B) Use of seasonal...

The capacity management approach where a firm has production lines whose production rate can easily be varied to match demand is

The capacity management approach where a firm has production lines whose production rate can easily be varied to match demand is A) time flexibility...

The capacity management approach where a firm builds facilities to produce a relatively stable output of products over time in a very efficient manner and facilities to produce a widely varying volume and variety of products, but at a higher unit cost is

The capacity management approach where a firm builds facilities to produce a relatively stable output of products over time in a very efficient manner...

The capacity management approach where a firm purchases peak production from another firm so that internal production remains level and can be done cheaply is

The capacity management approach where a firm purchases peak production from another firm so that internal production remains level and can be done...

The capacity management approach that uses a temporary workforce during the peak season to increase capacity to match demand is

The capacity management approach that uses a temporary workforce during the peak season to increase capacity to match demand is A) time flexibility...

The capacity management approach that uses flexible work hours from the workforce to manage capacity to better meet demand is

The capacity management approach that uses flexible work hours from the workforce to manage capacity to better meet demand is A) time flexibility...

Which of the following is not an approach that firms can use when managing capacity to meet predictable demand variability?

Which of the following is not an approach that firms can use when managing capacity to meet predictable demand variability? A) Time flexibility from...

A firm can vary supply of product by controlling

A firm can vary supply of product by controlling A) production capacity and inventory. B) production capacity and price promotions. C) price promotions...

With supply and demand management decisions being made independently,

With supply and demand management decisions being made independently,  A) it is increasingly difficult to coordinate the supply chain, thereby...

Companies typically divide the task of supply and demand so that

Companies typically divide the task of supply and demand so that A) Marketing manages demand and Operations manages supply. B) Marketing manages supply...

The advantage of offering a price promotion during periods of low demand to shift some of the demand into a slow period is

The advantage of offering a price promotion during periods of low demand to shift some of the demand into a slow period is A) a demand pattern that...

The disadvantage of building up inventory during the off season to meet demand during peak seasons and keep production stable year round is

The disadvantage of building up inventory during the off season to meet demand during peak seasons and keep production stable year round is A) very...

The advantage of building up inventory during the off season to meet demand during peak seasons and keep production stable year round is

The advantage of building up inventory during the off season to meet demand during peak seasons and keep production stable year round is A) very...

The disadvantage of maintaining enough manufacturing capacity to meet demand in any period is

The disadvantage of maintaining enough manufacturing capacity to meet demand in any period is A) much of the expensive capacity would go unused during...

The advantage of maintaining enough manufacturing capacity to meet demand in any period is

The advantage of maintaining enough manufacturing capacity to meet demand in any period is A) very low inventory costs because inventory needs to...

Seasonal demand can be met by

Seasonal demand can be met by A) maintaining enough manufacturing capacity to meet demand in any period. B) building up inventory during the off...

A firm can handle predictable variability by managing

A firm can handle predictable variability by managing A) supply using capacity, inventory, trade promotions, and backlogs. B) supply using capacity,...

Which of the following is not a problem caused by products experiencing predictable variability of demand?

Which of the following is not a problem caused by products experiencing predictable variability of demand? A) High levels of stockouts during peak...

Predictable variability is

Predictable variability is A) change in demand that can be forecasted. B) change in demand that cannot be forecasted. C) change in demand that has...

A firm that uses flexible work hours from the workforce to manage capacity to better meet demand is using a seasonal workforce.

A firm that uses flexible work hours from the workforce to manage capacity to better meet demand is using a seasonal workforce. Answer: Fal...

A firm can vary supply of product by controlling production capacity and inventory.

A firm can vary supply of product by controlling production capacity and inventory. Answer: Tr...

With supply and demand management decisions being made independently, it is easier to coordinate the supply chain, thereby increasing profit.

With supply and demand management decisions being made independently, it is easier to coordinate the supply chain, thereby increasing profit. Answer:...

An approach where a firm works with their retail partners in the supply chain to offer a price promotion during periods of low demand would shift some of the demand into a slow period, thereby spreading demand more evenly throughout the year and reducing the seasonal surge.

An approach where a firm works with their retail partners in the supply chain to offer a price promotion during periods of low demand would shift some...

The disadvantage of building up inventory during the off season to keep production stable year round is the expensive capacity that would go unused during most months when demand was lower.

The disadvantage of building up inventory during the off season to keep production stable year round is the expensive capacity that would go unused...

The advantage of building up inventory during the off season to keep production stable year round lies in the fact that a firm could get by with a smaller, more expensive factory. Answer: False

The advantage of building up inventory during the off season to keep production stable year round lies in the fact that a firm could get by with a smaller,...

The disadvantage of carrying enough manufacturing capacity to meet demand in any period is that much of the expensive capacity would go unused during most months when demand was lower.

The disadvantage of carrying enough manufacturing capacity to meet demand in any period is that much of the expensive capacity would go unused during...

The advantage of carrying enough manufacturing capacity to meet demand in any period is very low inventory costs, because no inventory needs to be carried from period to period.

The advantage of carrying enough manufacturing capacity to meet demand in any period is very low inventory costs, because no inventory needs to be carried...

Faced with predictable variability of demand, a company's goal is to respond in a manner that maximizes profitability.

Faced with predictable variability of demand, a company's goal is to respond in a manner that maximizes profitability. Answer: Tr...

Predictable variability is change in demand that cannot be forecasted.

Predictable variability is change in demand that cannot be forecasted. Answer: Fal...