The Mismatch Between Timing of Customer Demand and Supply Chain

question 4

Multiple Choice

The mismatch between timing of customer demand and supply chain lead times is what drives the need for:

• A) safety stock.
• B) anticipation inventory.
• C) cycle stock.
• D) hedge inventory.

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Definitions:

Employee Evaluating

The process of assessing and reviewing an employee's work performance by comparing it with preset standards, and providing feedback.

Functional Lines

The division of a business into departments or teams based on functions such as marketing, finance, or operations.

Functional Expertise

Specialized knowledge and skills in a particular area or department within an organization that contribute to its efficiency and success.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically resulting from factors like mass production and bulk purchasing.