Explain how constraints in manufacturing are interrelated with a company's decisions regarding volume and variety.
Answer to relevant QuestionsWhy would a company's costs of manufacturing and procurement tend to increase as the firm changes from a MTP to a MTO strategy? Why would inventory costs tend to decrease? What are the critical success factors for M&Ms and BMW, and Reebok in their mass customization strategies? CPFR has been shown to improve forecasting accuracy for manufacturers. What are the major challenges associated with using CPFR? Given its demonstrated benefits, discuss when CPFR should or should not be used by firms. Discuss the differences between reactive and planning inventory logics. What are the advantages of each? What are the major implications of each? Seven economic drivers that influence transportation cost were presented. Select a specific product and discuss how each factor will impact determination of a freight rate.
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