Implementation of IBM's "Smarter Planet" Strategy Has Resulted in All

question 144

Multiple Choice

Implementation of IBM's "Smarter Planet" strategy has resulted in all of the following except

• A)a reduction in supply chain costs for retailers.
• B)a reduction in traffic delays through coordinated signals.
• C)a reduction in power usage for consumers using smart meters.
• D)a reduction in inventory levels, as well as increased sales, for retailers.
• E)a reduction in wasted coverage for advertising messages to increase its efficiency.

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Definitions:

Inventory

An accounting term referring to the goods and materials held by a business for the purpose of resale or production.

Lot-For-Lot

An ordering system where the exact quantity needed for production is ordered, minimizing inventory holding costs.

EOQ Lot-Sizing

An inventory management technique that determines the optimal order size to minimize the sum of ordering, holding, and stockout costs.

Setup Cost

The expenses incurred to prepare equipment or a production process for manufacturing a new batch of products, including costs for labor, tools, and materials.