Question 111
Which of the following outcomes is a benefit typically expected of customer relationship management (CRM)?
- Reducing the size of the sales force by automating activities
- Gaining a better understanding of customer requirements
- Implementing automated inter-organizational processes
- Focusing sales efforts on the most profitable customers
Question 112
A main benefit of using customer relationship management (CRM) is:
- maximization of on-time delivery.
- minimization of product returns.
- identification of customers with high lifetime value.
- finding new markets for existing products and services.
Question 113
Which of the following indicators is most appropriate to use as a measure of supply chain utilization?
- Production equipment productivity
- Net asset turns
- Value-added productivity per employee
- Upside flexibility
Question 114
The main benefit of a mass customization product design strategy is to:
- sell high quantities of product to specific customer segments.
- achieve economies of scale in purchasing components.
- offer more product variety while keeping inventories low.
- avoid assembly of finished products.
Question 115
Keeping all other factors equal, a company typically will try to maintain higher service levels for products with:
- wider variety.
- shorter lead time.
- higher profit margins.
- lower sales volumes.