Question: How can we reduce ordering cost (order processing cost / cost per order)? The problem is to suggest more than 3 possible recommendations to reduce

How can we reduce ordering cost (order processing cost / cost per order)?

The problem is to suggest more than 3 possible recommendations to reduce cost per order.

I found that one way to reduce ordering cost is "EDI", which is expected to make efficient transaction process.

Please let me know other possible methods to reduce cost per order.

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!

Q:

Please attach excel spreadsheet screenshots if you're not able to attach the whole spreadsheet. it's critical. In early January 2021, the senior management committee of Euroland Foods (Euroland) was...

Q:

The mitial design was too complex. It required the user to work with the elbow, the mouse and both hands! To address the problem, a company called Interpix was brought in to evaluate the system from...

Q:

The mitial design was too complex. It required the user to work with the elbow, the mouse and both hands! To address the problem, a company called Interpix was brought in to evaluate the system from...

Q:

11:16 M Q0 A IIR122 EXPERT insight Illustration by ANA YAEL OPERATIONAL INNOVATION How Fast Fashion Works: Can It Work for You, Too? By FELIPE CARO and VICTOR MARTINEZ DE ALBENIZ O ver the past...

Q:

PLEASE WRITE A ONE PAGE EXECUTIVE SUMMARY COMBINING ALL THE QUESTIONS ABOVE. I HAVE ATTACHED THE EXHIBITS TOO. PLEASE USE THE CORRECT NUMBERS In early January 2021, the senior management committee of...

Q:

CASE: Queensland Food Corp In early January 2003, the senior-management committee of Queensland Food Corp was to meet to draw up the firms capital budget for the new year. Up for consideration were...

Q:

CASE: Queensland Food Corp In early January 2003, the senior-management committee of Queensland Food Corp was to meet to draw up the firms capital budget for the new year. Up for consideration were...

Q:

CASE: Queensland Food Corp In early January 2003, the senior-management committee of Queensland Food Corp was to meet to draw up the firms capital budget for the new year. Up for consideration were...

Q:

CASE: Queensland Food Corp In early January 2003, the senior-management committee of Queensland Food Corp was to meet to draw up the firms capital budget for the new year. Up for consideration were...

Q:

A boutique cafe in the city operates 365 days a year. The cafe has an annual demand for food products of 60,000 units with an equal daily demand across the year with the standard deviation of the...

Q:

In a group of 12 persons, 3 are left-handed. Suppose that 2 persons are randomly selected from this group. Let x denote the number of left-handed persons in this sample. Write the probability...

Q:

New world, a superstore is considering an ABC analysis of its complete inventory. But as a beginner, the manager wants to test a small sample of 15 items. The annual usage and unit cost for these...

Q:

A $ 1 , 0 0 0 bond treding at 1 0 2 1 5 means that: Multiple Choice The market rate of interest is 2 . 5 % . The market rate of interest is 2 W % above the contract rate. The bond traded is bought or...

Q:

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...