Explain the concept of the value and its implications for managing the supply chain.
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Get it written →Explain the concept of the value and its implications for managing the supply chain.
Explain how logistic costs can be managed for better value creation.
The following table shows various costs incurred by a manufacturing company:
|
Cost |
Variable cost |
Fixed cost |
|
Depreciation of executive jet |
|
|
|
Cost of shipping finished goods to customers |
|
|
|
Wood used in manufacturing furniture |
|
|
|
Sales manager’s salary |
|
|
|
Electricity used in manufacturing furniture |
|
|
|
Packing supplies for shipping products |
|
|
|
Sand used in manufacturing concrete |
|
|
|
Supervisor’s salary |
|
|
|
Advertising costs |
|
|
|
Executive’s life insurance |
|
|
(Question):
Answer with a tick mark or write in words which is a fixed cost, and which one is a variable cost.
MGT421
Discuss the principles of writing style that improve ease of reading: completeness, conciseness, and natural processing?
MGT422
Watch the short video in the following link and answer the questions that follows:
https://www.youtube.com/watch?v=-jjlYEYAM48
(Question):
How would you go about making the decision about what to do? Is there a right or wrong answer? What values and criteria would you use to make your decision about whom to save?
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