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aksik [14]
2 years ago
12

H&M has adopted the inventory management system that delivers less merchandise on a more frequent basis than in traditional

inventory systems. The firm gets the merchandise just in time for it to be used in the manufacture of another product or for sale when the customer wants it. This is an example of a ________ inventory system.
A. Cross-docking
B. Quick response (QR)
C. UPC
D. EDI
E. Lead time
Business
2 answers:
maxonik [38]2 years ago
6 0

Answer:

B) Quick response (QR)  or Just in Time (JIT)

Explanation:

This is a just in time (JIT) inventory management method, or Toyota system, whichever we want to use. Toyota developed it during the 1970s and they are extremely efficient with. It greatly reduces total costs by lowering inventory costs. I once visited a Toyota pickup and it is really amazing how their total inventory of engines was 4, and they produced over 150,000 trucks per year. All they had was 4 engines at hand, imagine they work 365 days a year, so that means that they finish 411 trucks per day.

The system s not only based on having a small inventory, the whole production process flows seamlessly and every working station was the same. They also required that their suppliers work coordinately and in a similar fashion. Imagine inventory holding costs are virtually 0 and they barely have any inventory.

This is one of the reasons why Japanese manufacturers, all use some type of JIT manufacturing now, are able to provide high quality cars at much lower prices. Other industries also try to replicate that model, some more successfully than others. The only downside is that if something goes wrong, remember the tsunami a few years ago in Japan, the whole process stops immediately since there is no "just in case" inventory.

EastWind [94]2 years ago
4 0

Answer:

The correct answer is the option B: Quick response (QR)

Explanation:

To begin with, a <em>quick response inventory system</em> involves the intention of shorten the lead time from receiving an order to delivery of the products and increase the amount of cash flow. Moreover, this system focuses primarily in the reduction of the time that the stuff is stuck in the inventory in order to avoid the low stock rotation and in that way to try to increase the sales that the company has. And in that way the company can receive the merchandise in time in order to sale it or to use it for another product.

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A description of the processes you use to ensure that results meet the specified quality standards is a _____.
gulaghasi [49]

Answer:

d. quality assurance plan

:

Quality assurance plan is meant to ensure that the final products are matching to required quality. There are four basic steps of the quality assurance process: Plan, Do, Check, and Act.

7 0
2 years ago
Read 2 more answers
Maggie bought 20 shares of Google at the close price of $472.68. She bought
ioda

Answer:

C. $1,060

Explanation:

First transaction

20 shares of Google at close price of $472.68

= 20 × $472.68

= $9,453.6

Second transaction, a year later;

she bought 20 shares at close price of $491.32

= 20 × $491.32

= $9,826.4

Third transaction. Two years later, she sold all her shares;

In total 3 transactions, Maggie's broker charge will be;

$50 × 3 = $150

The last transaction will get($512.25 per share for 20 + 20 = 40 shares)

40 × $512.25 = $20,490

Maggie will get $20,490 less $150 due to the brokerage's charge.

$20,490 - $150 = $20,340

To get how much Maggie makes,

= Total value of third transaction (Sales of shares) - (Total value of first transaction + Total value of Second transaction)

= $20,340 - ($9,453.6 + $9,826.4)

= $1,060

5 0
2 years ago
Loggers are much ________ likely to supply wood to the market if property rights are not enforced.
Alex Ar [27]

Answer:

They are much more likely

Explanation:

4 0
2 years ago
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Cornerstone, Inc. has $125,000 of inventory that suffered minor smoke damage from a fire in the warehouse. The company can sell
kvv77 [185]

Answer:

It is better to cleaned and shipped to the firm's outlet center at a cost of $23,000 to be sold at $80,000

Explanation: In alternative A) the firm loss is $80,000 ($125,000-$45,000)

In alternative E) all $125,000 is lost

In alternative B, C and D) the loss is $68,000 ($125,000-$80,000+$23,000)

Relevant costs are those evitable, that are cause of a manager decision related to an specific business decision.  

The only cost that can be avoided in these example is the cost of $23,000 so the goods can be cleaned and shipped to the firm's outlet center

6 0
2 years ago
Dave’s boss told him that he doesn’t have to attend the company picnic (which everybody dislikes) if Dave meets his sales quota
vitfil [10]

Answer:

minipulation

Explanation:

correct me if im wrong <3

7 0
2 years ago
Read 2 more answers
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