Question: A manufacturing system uses sales forecasts to plan production. It uses the production plan to determine raw material needs and then uses the material needs

A manufacturing system uses sales forecasts to plan production. It uses the production plan to determine raw material needs and then uses the material needs to schedule purchases. This ultimately leads to reduced inventory costs. Which of the following is being used to reduce the inventory cost?

margins

competitive strategy

support activities

linkages

A manufacturing system uses sales forecasts to plan production. It uses

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The management of JustLee Books has approved implementing a new commission policy and benefits plan for the account managers. The following changes need to be made to the existing database: Two new...

Part A Task 1 NOTE: PLEASE IGNORE GST FOR THE PURPOSE OF THIS QUESTION You are the accountant for a local truck washing business, Clean Fleet Truck Washing. Each January you meet with the owners,...

Find an example, illustration, or application of this week's topic from any source listed in this week's assignment. Please post your example to the class (roughly 250+ words) and tie it very...

I need help solving this lab. I tried to work on it and have solved some of it, so I want to see if its right and how to solve the rest. It connects to lab 1, 4, and 6. I hahe posted all of the...

Part I ? Budgeting, Standard Costing and Variance Analysis (45 marks) Celebration Inc. manufactures and distributes assorted juices throughout Latin America. Three (3) ounces of secret ingredient [...

Tiny Teapots is a small, local manufacturing company who produces and sells one style of teapot. Their product is sold to independent distribution centers and superstores. All necessary information...

Let me know if there's any additional information you need. LAB 6 As the current year comes to a close, the accounting department, with assistance from senior management and the sales department,...

Discuss existing supply chain relationships and their implications on supply chain performance: a) relationship between Woodland and HomeDecor and b) relationship between Woodland and Home and Living...

Discuss how Time-Based logistics (like JeanJeans system) can be processed for order fulfilments from the Woodlands distribution centers to HomeDecor stores b)What are the benefits and barriers (short...

Is Tesla trying to build an ambidextrous organization? Should it be doing so? If yes, what actions can it take to build an ambidextrous firm? How would you evaluate those actions?

Profit is maximized when the price is equal to the marginal cost. (p=MC) Select one: O True O False

Additional information: Example: Stems Holdings Limited is considering a 3-year project with the following cash flows and a discount rate of 10%. Initial Investment: R100,000 Year 1 Cash Inflow:...

Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,950 gallons @ $9.10 per gallon = $17,745 Purchases: Sales: Mar. 10 790 gals @ $ 9.15 Mar. 5 590 gals Mar. 16...