Question

Warehouses are beneficial to customers in terms of both __________ and _________

In a situation where manufacturing lead-time exceeds customer requirements and products can be assembled from modules, an _________-__-___________ approach is most likely

Answer 1

Answer 1 : Warehouses are beneficial to customers in terms of both Time and Place utility

Note : As warehouses provides viable solution to logistics and transportation services, it provides benefit of time and place utility to the customers.

Answer 2 : In a situation where manufacturing lead-time exceeds customer requirements and products can be assembled from modules, an Assemble to order approach is most likely

Note : In the assemble to order, products are produced as well as customized when the customer orders the product instead of mass production.