Asked by Rayna Kordonowy on Jul 16, 2024
Verified
Quick response results in the manufacturer making a lower profit in the short term if all else is unchanged.
Quick Response
A business strategy aimed at decreasing lead times and enhancing flexibility in operations to meet customer demand efficiently.
Manufacturer Profit
The financial gain a manufacturing company secures from its operations after deducting costs associated with production and distribution.
Short Term
A period of time that is immediate or not far in the future, usually less than a year, often used in reference to planning or financial strategies.
- Recognize the importance of swift response times and improved forecasting accuracy within supply chain administration.
Verified Answer
QN
Quyên Nguy?nJul 17, 2024
Final Answer :
True
Explanation :
Quick response often involves higher costs for faster production and delivery, which can reduce the manufacturer's profit in the short term. However, it can lead to higher customer satisfaction and loyalty, leading to long-term benefits for the company.
Learning Objectives
- Recognize the importance of swift response times and improved forecasting accuracy within supply chain administration.