ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The process of calculating quantities to be delivered to the locations to match customer demand and maintain desired service level.
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Detailed scheduling process
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Supply network planning
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Consensus demand planning
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Supplier collaboration process
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Explanation:
Detailed explanation-1: -Supply Network Planning is used to calculate quantities to be delivered to a location in order to match customer demand and maintain the desired service level.
Detailed explanation-2: -Optimal Service Level and Optimal Order Quantity In our case, the optimal service level is equal to 20/(20+50)= 0.2857. Optimal order quantity S* is the minimum size of the order that will be able to provide the optimal service level.
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