ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
reactive, react
|
|
|
speculative, speculation
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -Pull processes may also be referred to as reactive processes because they react to customer demand. Push processes may also be referred to as speculative processes because they respond to speculated (or forecast) rather than actual demand.
Detailed explanation-2: -On the other side, the push type of delivery channel is when there does not exist real demand and orders in the market. The push type of delivery channel is done to fill the void of forecasted demand and hence it is also considered as a speculative process.
Detailed explanation-3: -The pull view is initiated due to a customer order. It can be thus called as a reactive process wherein the manufacturer reacts or responds to the customer order. Whereas in the push view, there is an anticipation of customer orders. They forecast the need for products and thus it is speculative in nature.