buad331

Front

What prompted Kai and Thea to reevaluate their customer value strategy?

Back

Focus group feedback.

Front

What was the problem with KT's initial supply chain strategy?

Back

It treated all customers and products the same.

Front

What made Kai and Thea realize that their supply chain strategy needed adjustments?

Back

Varying customer expectations.

Front

Why did KT's Wicked Dive Shop order massive quantities of some products?

Back

To obtain quantity discounts and lower transportation costs.

Front

What is the main goal of adjusting the supply chain for different customer segments?

Back

Providing the correct form/time/place value for each segment.

Front

Responsive value creation is best for products characterized by which of the following: High customization and high demand uncertainty, Low customization and high demand uncertainty, High product value and long product life cycles, High demand uncertainty and long product lifecycles, Short product life cycles and low demand uncertainty?

Back

High customization and high demand uncertainty

Front

EOQ seeks to balance order costs; carrying costs and the cost of carrying inventory.

Back

Both of these answers are correct

Front

_______________ involves applying a set of process improvement techniques with a goal of improving efficiency.

Back

Lean Fulfillment

Front

When considering value fulfillment, we must remember that with longer planning horizons, uncertainty __________________.

Back

increases

Front

The difference between the total supply chain order cycle time and the time customers are willing to wait to have their need fulfilled is known as the __________________.

Back

lead time gap