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This pricing appendix is an example of...?
In the Appendix A of a long-term supply contract of Bulk Drug Substance, both parties agree that "The reference price for Bulk Product at the specification, per gram, shall be US$10. The unit price for Bulk Product for a specific Purchase Order shall be computed by multiplying the above- specified...
This pricing appendix is an example of...?
In the Appendix A of a long-term supply contract of Bulk Drug Substance, both parties agree that "The reference price for Bulk Product at the specification, per gram, shall be US$10. The unit price for Bulk Product for a specific Purchase Order shall be computed by multiplying the above- specified...
Which of the following best describes the term ‘periodic review’?
Which of the following best describes the term ‘periodic review’?A . Items are reviewed and orders placed depending on requirementsB . Items are reviewed when the Kanban is triggeredC . Items are reviewed when the price is at its lowestD . Items are reviewed as part of an imprest systemView...
Which of the following is an important part of these systems?
To improve the security of a warehouse, alarm systems are commonly used. Which of the following is an important part of these systems?A . SensorsB . FencingC . CCTVD . LightingView AnswerAnswer: A Explanation: The most basic alarm consists of one or more sensors to detect intruders, and an alerting...
Which of the following is the core idea of Lean manufacturing?
Which of the following is the core idea of Lean manufacturing?A . New product developmentB . Waste eliminationC . Improving response to erratic demandD . Business Continuity PlanningView AnswerAnswer: B Explanation: The core idea of lean manufacturing is actually quite simple…relentlessly work on eliminating waste from the manufacturing process. Waste...
Which of the following statements holds true about inventory holding costs?
Which of the following statements holds true about inventory holding costs?A . They decline as the cost of the inventory item risesB . They always exceed total ordering costsC . They depend upon the opportunity cost of tying up funds and the average value of the stock holdingD . They...
Which pillar of sustainability would include the practice of ASI Ltd?
ASI Ltd is known for its commitment to sustainability. ASI builds railroad ties and pilings using recycled plastic bottles and industrial waste instead of standard materials such as wood, steel, and cement. This practice helps the company save 15% in compare with traditional material purchases. Which pillar of sustainability would...
Bulk loose coal that requires massive handling system should be stored in which area?
Bulk loose coal that requires massive handling system should be stored in which area?A . Chill hubB . StockyardC . Heating warehouseD . StoreView AnswerAnswer: B Explanation: Materials that will not easily deteriorate, are generally stored in open or fairly covered areas (stockyard). The materials are usually in bulk, like...
Which of the following correctly describes the triple bottom line?
Which of the following correctly describes the triple bottom line?A . Professional, Planet, ProfitB . People, Planet, ProjectC . People, Product, ProfitD . People, Planet, ProfitView AnswerAnswer: D Explanation: The triple bottom line is a sustainability framework that examines a company’s social, environment, and economic impact (or People, Planet, Profit)....
Which inventory management method is XYZ Ltd implementing?
XYZ Ltd is a major distributor of electrical equipment protection products in the United States. XYZ found that there was a lack of communication between the company and its key supplier, leading to the supplier trying to predict distributor needs and distributor attempting to estimate lead times. Essentially, both the...
