Walmart's Continuous Replenishment System Allows It to

question 56

Multiple Choice

Walmart's continuous replenishment system allows it to

• A) provide mass customization.
• B) provide an efficient customer response system.
• C) strengthen customer intimacy.
• D) achieve economy of scale.

Comprehend the significance of performance standards and measures.

Understand the legal aspects and defensibility of performance appraisals.

Recognize the role of job analysis in performance management.

Appreciate the benefits and limitations of different appraisal feedback techniques.

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Definitions:

Materials Management

The function responsible for planning, sourcing, moving, and storing materials required to produce goods and services.

Physical Supply

The actual, tangible products and raw materials available in the market or held by a company.

Internal Balancing

A strategy where a state increases its own power in order to counter the power of potential adversaries.

Inventory Flexibility

The ability of a supply chain to quickly adjust its inventory levels in response to shifts in demand, product variety, and market dynamics.