The tool that would best aid a company in selecting new site locations for manufactured and distributed stock keeping units (SKUs) is A. Distribution requirements planning (DRP).
Explanation:
Distribution requirements planning (DRP) is a process that helps determine the optimal quantity and location of inventory to meet anticipated demand at different distribution centers. This involves considering factors like customer demand, production capacity, lead times, and transportation costs. By analyzing these factors, DRP can identify the most efficient locations for new warehouses or distribution centers to minimize costs and optimize delivery times.
CORRECTION: The tool that would best aid a company in selecting new site locations for manufactured and distributed stock keeping units (SKUs) is B. Network optimization.
Explanation:
Network optimization is a process that analyzes the entire supply chain network, considering factors like transportation costs, inventory levels, demand patterns, and facility capacity to determine the most efficient locations for warehouses or distribution centers. It aims to minimize costs and optimize delivery times, which are crucial considerations when selecting new site locations for SKUs.
Network optimization:
Network optimization is a broader term that encompasses improving the efficiency of various networks, including supply chains. While it might involve considerations like location selection, its focus is more on optimizing the overall flow of goods within the existing network rather than identifying new locations. DRP, on the other hand, is specifically tailored to site selection.
The tool that would best aid a company in selecting new site locations for manufactured and distributed stock keeping units (SKUs) is network optimization. Network optimization is a strategic-level decision-making tool that can be used to design and optimize the entire supply chain network, including the location of factories, warehouses, and distribution centers. By using network optimization, a company can evaluate different scenarios and trade-offs to determine the optimal location for each facility, taking into account factors such as transportation costs, inventory costs, and customer service levels.
Distribution requirements planning (DRP), reorder point (ROP) system, and transportation management system (TMS) are also important tools for managing supply chain operations, but they are not specifically designed to aid in selecting new site locations for SKUs.
Therefore, the correct answer is D. Network optimization.
DRP is focused on planning and managing inventory levels to meet customer demand, ROP is a tool to help determine when to reorder products, and TMS is used to manage transportation operations. Therefore option D
Distribution network provides the analysis on from where to sell the products
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