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Test Bank Info:
ISBN-13: 978-0071051481 ISBN-10: 0071051481
To be successful a pit stop must be efficient and effective, and it is the fundamentals of Operations and Supply Chain Management that make the pit stop “project” all happen in less than ten seconds. Strategy and forecasting are used to determine when a pit stop should occur. Extensive process analysis reveals the various task durations and sequences, enabling an optimized process schedule to be developed that minimizes the driver’s waiting time given the various resource capacity limitations. Inventory and supply chain management ensure sufficient supplies of things like fuel and tires, while facility layout considerations are used to determine where best to position such inventory, equipment, and team members for the pit stop.
What others say about this product?
I had to purchase this book for a class and, while I can’t say the subject matter is scintillating, Jacobs & Chase do a good job of explaining the concepts and making them applicable in today’s business environment. The step-by-step video examples have proven most helpful from an instructional perspective.