PUZZLE

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2. If cost is more important, inventory can be reduced to make the 1. Responsiveness can be achieved by a __________ mode that is
_____ more efficient. fast and flexible such as trucks and airplanes.
4. Faster transportation allows _______ responsiveness but lower 3. This driver can be made very responsive by building factories
efficiency that have a lot of excess capacity and use flexible manufacturing
5. inventory held in case demand ________ expectations. techniques to produce a wide range of items.

6. Inventory exists because of a mismatch between supply and 5. SC strategy determines how the supply chain should perform
______. with respect to ______ and responsiveness.

7. Removal of trade barrier results in increased competition from
_______ companies.
10. Set of business processes required to ______ goods and
services in a supply chain.
11. The power of this driver grows stronger every year as the
technology for collecting and sharing _________ becomes more
wide spread, easier to use, and less expensive.
8. A ______ decision that emphasizes responsiveness would be one
where a company establishes many locations that are close to its
customer base.
9. functions of a firm performs and the functions that are
outsourced.
10. price associated with goods and services provided by a firm to
the supply chain.

12. Responsiveness can be had by stocking high levels of ______

for a wide range of products.
13. Skillful execution of ____ is as important as creating successful
strategies.