Asked by Allyssa Wilson on May 11, 2024
Verified
Identify at least four factors in addition to delivery speed (and its impact on holding cost) that may need to be considered when choosing the best mode of shipment.
Delivery Speed
The rate at which a company can complete a customer's order and deliver the finished product or service.
Mode of Shipment
The method or form of transporting goods from one place to another, including by sea, air, rail, or road.
- Identify factors in addition to delivery speed that influence the choice of shipment mode.
Verified Answer
HS
Harry SinghMay 16, 2024
Final Answer :
The four presented in the text are: (1) on-time delivery, (2) coordinating shipments to maintain a schedule, (3) getting a new product to market, and (4) keeping a customer happy.
Students may think of other valid considerations as well.
Students may think of other valid considerations as well.
Learning Objectives
- Identify factors in addition to delivery speed that influence the choice of shipment mode.