Efficient Supply Chains

question 29

Multiple Choice

Efficient supply chains

• A) often operate with relatively low inventory levels.
• B) use common platforms and common components across several products.
• C) rely on maintaining large geographically dispersed inventory warehouses.
• D) traditionally use expensive, but faster, modes of transportation.
• E) emphasize economies of scale by increasing the variety of system configurations offered.

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Definitions:

Combinations

Choosing elements from a broader group without regard to the sequence in which they are selected.

Main Effect

The direct impact of an independent variable on a dependent variable in an experiment.

Factorial Research

A type of experimental design where two or more factors (independent variables) are simultaneously varied to observe their effect on a dependent variable.

Independent Variables

Variables in a study that are manipulated or categorized to investigate their effect on dependent variables.