Supply chain Management
1. Assume you are a consultant for Acme Inc., a successful company who hasn’t faced much competition in the past. Recently, the company has faced challenges from a competitor who can meet customer demand more quickly and with lower cost. Identify how Single Minutes Exchange of Dies (SMED) might help Acme improve its responsiveness to customer demand by developing a 150-200 word executive summary to Acme’s CEO.
2. Linear programming is an excellent technique yet is not applied nearly enough in the “real world.” Discuss the benefits of linear programming and explain why it is not used that much.
