Question: Question 8 : Indicate whether the following statements are True or False. Please indicate the options in the cell next to each statement: table
Question : Indicate whether the following statements are True or False. Please indicate the options in the cell next to each statement:
tableNumbertableerStatementtableTrueorFalsetableSeven Eleven Japan achieves number one position in sales of ladiesstockings as they carry a wide variety of fashionable ladiesstockings in the retail stores.tableWhen you have a large shopping basket with many items it is betterto shop in a HiLo store than an EDLP store because with a HiLostore you are sure to get a good deal on some items and thusachieve a lower overall cost for the basket of items.tableA responsive supply chain will be ideal for a product like MortonTable Salt as such a supply chain will be able to quickly respond tochanges in demand.tableCross docking is a method that enables WalMart to have lowinventory in its HUB's.tableWinters and Holt's models are the time series model that caneffectively forecast the random component of demand.tableThe idea behind the JITD program of Barilla was to look at endcustomer demand and plan delivery schedules.Forecasts are always greater than plans but less than goals.,tableMean Square Error is a better measure of forecast accuracy thanMean Absolute Deviation because it penalizes outliers more.tableThe volume and transport discounts offered by Barilla helpedstabilize the production plans as the distributors placed large orderson Barilla.tableThe Distributors were opposed to the JITD program because theythought they would lose control to Barilla and because they couldend up being disintermediated by Barilla.tableAn efficient supply chain will be required for a new product likethe Apple Vision Pro virtual reality headset as such a supply chainwill be able to drive down costs and ensure that the new products isprovided at a low cost in the market.
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