Production and Operations Management Paper 39

1

______________ is a short declaration of what an organisation aspires to be tomorrow.It is the ideal state that might never reached but which you continuously strive to achieve.






2

From the economic system’s point of view ,the role of marketing intermediaries is to transform the assortment of products made by producers in to the assortment of products wanted by ______________






3

It is common for international marketers to ______________ their channel strategies for each country.






4

To reduce inventory management costs, many companies use a system called ______________ , which involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation.






5

Rolex watches can only be found in a limited number of intermediaries. This is an example of ______________






6

______________ is the design of seamless value-added processes across organization boundaries to meet the real needs of the end customer.






7

Supply chain is also referred as ______________






8

In supply chain process ______________ is defined as "the act of buying all those activities necessary to acquire goods and services consistent with user requirements.






9

The ______________ process is the firms face to the customer.






10

Logistics activities provide the bridge between production and market locations that are separated by ______________ and ______________






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