6. What do you expect the level of implied demand uncer- tainty to be for jasmin
ID: 421385 • Letter: 6
Question
6. What do you expect the level of implied demand uncer- tainty to be for jasmine rice produced by Thailand at a supermarket? Explain your answer with reference to Fisher's model. 7. It is important to have strategic fit between the supply chain and its competitive strategy. Given that creating strategic fit requires designing a supply chain whose responsiveness aligns with the implied uncertainty, list the supply chain's abilities with regard to responsiveness. 8. Assume a new drug has been developed for the Ebola virus (EVD). Briefly describe its demand and supply characteris tics at the beginning of the product life cycle 9. A successful company needs to strike a balance betw een responsiveness and efficiency. Discuss how companies should prepare for globalization in terms of responsiveness.Explanation / Answer
6)
Implied demand uncertainty is the uncertainty only for the portion of the demand that the supply chain planned to satisfy based on the customer desires.
Jasmine rice is a less mature product with less direct competition. It carries high profit margin, in accurate demand forecasts and high stock-out rates. Under Fischer model, these characteristics indicate high implied demand uncertainty.
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