Completion of the Ten-Column Work Sheet a. Which accounts are included on the Balance Sheet section of the work sheet? b. Which accounts are included on the Income Statement section of the work sheet?
Article 10: What is the Right Supply Chain for Your Product ▯ Functional product – satisfies basic, unchanging needs and has a long life cycle, low margins and stable demand Efficient supply chain – minimizes production, transportation and storage costs ▯ Innovative product – great variety, short life cycle, high profit margins and volatile demand Responsive supply chain – fast and flexible, helps manage uncertainty through strategies such as cutting lead times and establishing inventory or excess-capacity buffers ▯ Decide whether your current supply chain is effective or responsive Efficient then you satisfy predictable demand efficiently at the lowest possible cost, turn over inventory frequently and