/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q14-3DQ Can a supply chain become too le... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

Can a supply chain become too lean? Explain your answer—using examples if possible.

Short Answer

Expert verified

A supply chain is a system that connects a firm as well as its vendors to manufacture as well as deliver certain goods to the end consumer.

Step by step solution

01

Supply chain

A supply chain is a system that connects a firm as well as its vendors to manufacture and sell a certain item or brand. Manufacturers, suppliers, storage, shipping corporations, distribution centers, as well as merchants are all part of the supply chain. Item creation, advertising, operation, delivery, financing, as well as customer care are all activities of a supply chain.

02

Does a supply chain become too lean? Use examples if possible.

When a tiny unforeseen occurrence is enough to interrupt one connection in the distribution chain, impacting the entire network, the distribution network becomes too lean. One little occurrence has an impact on the entire device's productivity as well as transportation schedule. Before making a supply chain extremely lean, a complete danger assessment must be performed.

A lean supply chain explains how a well-designed distribution network must run to deliver items to the ultimate customers swiftly and with little wastage. A lean supply chain is a huge facilitator for any firm that wants to be particularly lean as well as effective.

Companies inside a lean supply chain may more readily utilize their lean path, resulting in higher client worth by reacting more effectively, rapidly, as well as reliably to customer requirements. This, in turn, aids the functioning of the lean supply chain, creating a virtuous loop that eventually correlates to the greatest economic performance overall for these firms.

As a result, firms seeking to become lean would advantage from a more methodical approach to establishing as well as maintaining their supply chain.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91Ó°ÊÓ!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

The chapter presents multiple techniques that service firms can use to make their processes leaner. Which technique is demonstrated by a restaurant that offers special discounts midweek to attract more demand during a traditionally slow period?

What does a triangle represent in a value stream map?

Question:Bindley Corporation has a one-year contract to supply motors for all washing machines produced by Rinso Ltd. Rinso manufactures the washers at four locations around the country: New York, Fort Worth, San Diego, and Minneapolis. Plans call for the following numbers of washing machines to be produced at each location:

New York

50000

Fort Worth

70000

San Diego

60000

Minneapolis

80000

Bindley has three plants that can produce the motors. The plants and production capacities are

Boulder

100000

Macon

100000

Gary

150000

Due to varying production and transportation costs, the profit Bindley earns on every 1,000 units depends on where they were produced and where they were shipped. Thefollowing table gives the accounting department estimates of the dollar profit per unit. (Shipment will be made in lots of 1,000.)

Shipped to

Produced at

New York

Fort Worth

San Diego

Minneapolis

Boulder

7

11

8

13

Macon

20

17

12

10

Gary

8

18

13

16

Given profit maximization as a criterion, Bindley would like to determine how many motors should be produced at each plant and how many motors should be shipped from each plant to each destination.

a. Develop a transportation grid for this problem.

b. Find the optimal solution using Microsoft Excel.

Explain the relationship between quality and productivity under the lean philosophy.

What is required to make cross-docking a viable solution for a logistics provider?

See all solutions

Recommended explanations on Business Studies Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.