ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Pull demand
|
|
Build or create according to my actual demand
|
|
|
Predict the demand that gonna happen to the product and create based on predictions
|
|
|
Either A or B
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -With a pull strategy, a company manufactures according to current demand, which is satisfied from (a small) inventory. When pieces are removed from stock, replacements are automatically ordered from suppliers.
Detailed explanation-2: -A pull strategy is when customer demand drives the entire production process. On the other hand, a push strategy is when production is based on long term customer forecasts.
Detailed explanation-3: -Supermarket Pull System. The most basic and widespread type, also known as a fill-up or replenishment or a-type pull system. Sequential Pull System. Mixed Supermarket and Sequential Pull System. See: Just-in-Time Production; Overproduction. Compare: Push Production.
There is 1 question to complete.