The contemporary business environment is characterised by increased competition between supply chains and alliances, rapidly changing technology and highly demanding customers across the globe.. The projected industry growth promises greater prospects for the Lancewood business. Examine the potential risk levels posed to Lancewood when expanding their business deeper into South Africa and further into Africa, due to the following risk factors: • Theft • Human error The forecasted industry growth might require Lancewood to seek additional storage space from public warehouses. Explain the extent such an industry growth could affect selection when these factors are taken into consideration: • Geographical location • Available technology.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question

The contemporary business environment is characterised by increased competition between
supply chains and alliances, rapidly changing technology and highly demanding customers across
the globe..

The projected industry growth promises greater prospects for the Lancewood
business. Examine the potential risk levels posed to Lancewood when expanding
their business deeper into South Africa and further into Africa, due to the
following risk factors:
• Theft
• Human error

The forecasted industry growth might require Lancewood to seek additional
storage space from public warehouses. Explain the extent such an industry
growth could affect selection when these factors are taken into consideration:
• Geographical location
• Available technology.

Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Business reports
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.