Asked by Taran Thiara on May 07, 2024
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Inexpensive production methods should be used for unpredictable demand while more expensive production methods should be used for stable demand.
Production Methods
Various approaches and techniques used in the creation of goods and services, including mass production, batch production, and custom production.
Unpredictable Demand
A market condition where the desire for products or services cannot be accurately forecasted due to variability in consumer behavior, trends, or external factors.
Stable Demand
Relates to a market condition where the desire for a product or service remains relatively constant over time.
- Understand the principle of delay as a tactic in supply chain management to enhance operational efficiency.
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Learning Objectives
- Understand the principle of delay as a tactic in supply chain management to enhance operational efficiency.
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