Asked by
Daniel Bogale
on Oct 18, 2024
Verified
A firm can handle predictable variability by managing
A) supply using capacity,inventory,trade promotions,and backlogs.
B) supply using capacity,inventory,subcontracting,and backlogs.
C) demand using short-term price discounts and trade promotions.
D) B and C only
Predictable Variability
Predictable variability refers to fluctuations in data, processes, or systems that, although variable, can be forecasted or anticipated based on historical patterns.
Trade Promotions
Marketing activities executed to increase product demand, typically through discounts or special offers to retailers or wholesalers.
Subcontracting
The practice of hiring a third party to perform tasks, provide services, or conduct operations that are normally or could be done in-house.
- Acquire knowledge about different approaches to controlling demand and supply across the supply chain.
- Identify the differences between predictable and unpredictable variability, as well as their implications.
Verified Answer
MJ
Learning Objectives
- Acquire knowledge about different approaches to controlling demand and supply across the supply chain.
- Identify the differences between predictable and unpredictable variability, as well as their implications.