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    HW MS Hang

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    Le Ngan

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    © All Rights Reserved
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    HW MS Hang

    Uploaded by

    Le Ngan
    1 views2 pages

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    HW.MS.HANG

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    Copyright:

    © All Rights Reserved
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    1 views2 pages

    HW MS Hang

    Uploaded by

    Le Ngan

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    1.How does an efficient supply chain minimize costs across its operations?

    -A supply chain can minimize costs across the entire operation by:
    +Economies of scale and cost savings could be obtained by stocking inventory in only a few
    central locations
    +By minimizing waste and maximizing resource utilization
    +Inventory Management: Techniques like just-in-time (JIT) inventory reduce holding costs by
    keeping stock levels low while ensuring availability.
    +Technology Integration: Utilizing software for supply chain management enhances visibility
    and coordination, leading to better decision-making and reduced inefficiencies.

    2.What types of products and industries are best suited for an efficient supply chain
    strategy?
    +Retail industry: food products, foodstuffs, beverages,
    +Technology industry: computers, laptop, air conditioners
    +Food and beverage industry: milk, candy, spices, fresh food
    +Fashion industry: clothes, shoes, bags, jewelry

    3.How does a responsive supply chain quickly react to market changes and
    customer demands
    -A responsive supply chain has the agility to speedily adapt to changes in demand, market
    conditions, or other factors that may impact the supply chain.
    + Collaborative Relationships: Strong partnerships with suppliers and logistics providers
    facilitate better communication and quicker response times. Collaborative planning and
    forecasting can help align production schedules with demand changes.
    + Customer Feedback Loops: Actively gathering and analyzing customer feedback helps
    businesses understand changing preferences and emerging trends, enabling them to pivot their
    offerings accordingly.
    + Agile Production Processes: Adopting modular and flexible manufacturing techniques allows
    companies to quickly shift production lines or adjust product specifications to meet changing
    market needs.
    4.What types of products and industries are best suited for an responsive supply
    chain strategy
    +Consumer electronics products: Products such as TVs, music players, and home appliances
    often require quick response to user demand and competition.
    +Logistics and transportation services: This industry needs flexibility to quickly respond to
    changes in transportation needs and inventory management.
    +Cosmetics and personal care products: These products tend to change seasonally or with trends,
    so a flexible supply chain strategy is needed.

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