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Match To the correct concept ✓ A fast food supplier switches to a fair trade coffee. This costs them $0.03 more per cup but they raise prices by $0.05 and see a volume boost. ✓ P&G works with top retailers to understand customer behavior. They pass this information to their suppliers to create new packaging options, scents, and other products. ✓ Frito-Lay sends a truck and employee to each location to count and re-stock inventory themselves, rather than wait for a customer (retail manager) to order it. ✓ Long delays and demand uncertainty cause information to be distorted (more variable and less reliable) across the supply chain. A. Total Value Perspective B. Collaborative planning, forecasting, and replenishment (CPFR) C. Bullwhip Effect D. Vendor Managed Inventory (VMI)

Match To the correct concept ✓ A fast food supplier switches to a fair trade coffee. This costs them $0.03 more per cup but they raise prices by $0.05 and see a volume boost. ✓ P&G works with top retailers to understand customer behavior. They pass this information to their suppliers to create new packaging options, scents, and other products. ✓ Frito-Lay sends a truck and employee to each location to count and re-stock inventory themselves, rather than wait for a customer (retail manager) to order it. ✓ Long delays and demand uncertainty cause information to be distorted (more variable and less reliable) across the supply chain. A. Total Value Perspective B. Collaborative planning, forecasting, and replenishment (CPFR) C. Bullwhip Effect D. Vendor Managed Inventory (VMI)

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Match To the correct concept ✓ A fast food supplier switches to a fair trade coffee. This costs them $0.03 more per cup but they raise prices by $0.05 and see a volume boost. ✓ P&G works with top retailers to understand customer behavior. They pass this information to their suppliers to create new packaging options, scents, and other products. ✓ Frito-Lay sends a truck and employee to each location to count and re-stock inventory themselves, rather than wait for a customer (retail manager) to order it. ✓ Long delays and demand uncertainty cause information to be distorted (more variable and less reliable) across the supply chain. A. Total Value Perspective B. Collaborative planning, forecasting, and replenishment (CPFR) C. Bullwhip Effect D. Vendor Managed Inventory (VMI)
Transcribed Image Text:Match To the correct concept ✓ A fast food supplier switches to a fair trade coffee. This costs them $0.03 more per cup but they raise prices by $0.05 and see a volume boost. ✓ P&G works with top retailers to understand customer behavior. They pass this information to their suppliers to create new packaging options, scents, and other products. ✓ Frito-Lay sends a truck and employee to each location to count and re-stock inventory themselves, rather than wait for a customer (retail manager) to order it. ✓ Long delays and demand uncertainty cause information to be distorted (more variable and less reliable) across the supply chain. A. Total Value Perspective B. Collaborative planning, forecasting, and replenishment (CPFR) C. Bullwhip Effect D. Vendor Managed Inventory (VMI)
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