Problem 3 Managing Order Cycle Time and Variation Sara, the manager at Ethique is working with her major supplier of coconut butter (a major ingredient in many of the company's products) to improve the service the supplier provides Ethique. Ethique has been experiencing too many late deliveries from the supplier, so Sara has had to increase the safety stock of this raw material in order to ensure her production schedules can be met. The supplier has suggested that if they had more accurate sales information on a real-time basis from Ethique, they would be able to provide improved cycle time service to the firm. Sara has never been asked to share real-time sales data with her suppliers, but is willing to consider it, especially if it could save money and improve the service from this supplier. Help Sara understand why she should consider sharing sales information with the supplier. Be sure to discuss order cycle time and order cycle variation, as well as the implications for Ethique. TIP: This question is worth 10 Marks, and is the type of question you might see on the final exam. Develop your response carefully, be thorough, and be sure to apply your response to the Ethique situation in the problem (don't just write in a general sense about order cycle management; help Sara solve her problem!) Problem 3 Managing Order Cycle Time and Variation Sara, the manager at Ethique is working with her major supplier of coconut butter (a major ingredient in many of the company's products) to improve the service the supplier provides Ethique. Ethique has been experiencing too many late deliveries from the supplier, so Sara has had to increase the safety stock of this raw material in order to ensure her production schedules can be met. The supplier has suggested that if they had more accurate sales information on a real-time basis from Ethique, they would be able to provide improved cycle time service to the firm. Sara has never been asked to share real-time sales data with her suppliers, but is willing to consider it, especially if it could save money and improve the service from this supplier. Help Sara understand why she should consider sharing sales information with the supplier. Be sure to discuss order cycle time and order cycle variation, as well as the implications for Ethique. TIP: This question is worth 10 Marks, and is the type of question you might see on the final exam. Develop your response carefully, be thorough, and be sure to apply your response to the Ethique situation in the problem (don't just write in a general sense about order cycle management; help Sara solve her problem!)