QUESTION 11 Lean works best in low volume/high variety environments all markets

Question

QUESTION 11

Lean works best in

low volume/high variety environments

all markets

high volume/low variety environments

markets with high demand volatility

QUESTION 12

There are four different types of response flexibility. Which one represents how quickly and efficiently the supply chain can get a new product to market?

Volume

New Product

Customization

Variety

QUESTION 13

Sense refers to the ability to

see changes in the market place before it's too late

understand shortcomings in the supply chain

tell when a bottleneck is about to form in production

predict service failures

QUESTION 14

An example of an industry that would benefit from being Lean would be

software manufacturers

the automotive industry

companies in industries that see high volativlity in demand and a large variation in their product offerings

the fashion industry

QUESTION 15

Respond refers to the ability to

see changes in market demand before it happens

quickly adjust the supply chain to meet the changing demands of the market

instantly quote prices to potential customers

reply quickly to customer questions

low volume/high variety environments

all markets

high volume/low variety environments

markets with high demand volatility

Explanation / Answer

11. Lean works best in

markets with high demand volatility

12. There are four different types of response flexibility. Which one represents how quickly and efficiently the supply chain can get a new product to market?

New Product

13. Sense refers to the ability to

understand shortcomings in the supply chain

14. An example of an industry that would benefit from being Lean would be

companies in industries that see high volativlity in demand and a large variation in their product offerings

15. Respond refers to the ability to

quickly adjust the supply chain to meet the changing demands of the market

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