Top Managers at Keep It Clean Inc

question 131

Multiple Choice

Top managers at Keep It Clean Inc.,which produces and sells home-care cleaning products,are looking for ways to improve the supply chain.One idea that has been mentioned by several managers is a just-in-time logistics system.If the following facts were known,which one would strengthen the argument for the shift to a just-in-time logistics system?

• A) The company's storage and handling costs are significant.
• B) The company's suppliers have not adopted just-in-time systems.
• C) Higher inventory levels are evident in the summer than they are in the winter under the current system.
• D) Demand for the company's products varies depending on the promotional strategies of its retail partners.
• E) The company's leading brand has many strong competitors.

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Definitions:

Measures of Variability

Statistical indicators that describe the spread or dispersion within a dataset, such as range, variance, and standard deviation.

Standard Deviation

A measure of the dispersion or variability in a set of data points, representing the average distance from the mean.

Variance

A metric that quantifies the spread of data points, by calculating the mean of squared variations from the central value.

Standard Deviation

A measure of how spread out the numbers in a data set are, indicating the variability around the mean.