Four different types of response flexibility

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Reference no: EM132129662

1. Lean works best in

low volume/high variety environments

all markets

high volume/low variety environments

markets with high demand volatility

2. 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

3. 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

4. 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

5. 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

Reference no: EM132129662

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