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Which of the following would be the BEST way for the buying firm to maximize the benefits of this discount?
A supply manager negotiates a volume discount with a key supplier. The supplier will provide a discount on screws, bolts, and nuts, based on the quantity indicated on the purchase order (PO). Which of the following would be the BEST way for the buying firm to maximize the benefits of...
How can supply management positively impact this situation?
A manufacturer is concerned that excess packaging materials used for a product will send the wrong message to consumers who may have selected the product based on its sustainable design. How can supply management positively impact this situation?A . Verify that recyclable packaging materials are properly coded for sortingB ....
What is the maximum safety stock that should be maintained for this unit?
A supply manager is reviewing safety stock for a particular unit. The unit is small, Inexpensive, non-perishable, and easily stored, but is critical to the firm's manufacturing process. The following information is known about this unit: Maximum lead time = 8 Days Average lead time = 3 Days Maximum daily...
Which of the following is the GREATEST advantage of using component standardization in product design?
Which of the following is the GREATEST advantage of using component standardization in product design?A . Increasing the potential supply base for the standardized componentsB . Leveraging volume and simplifying new product developmentC . Reducing component costs and forecast complexityD . Reducing the effort required to maintain the supply chainView...
Which of the following is calculated by taking the selling price of the buyer's end product and subtracting the required profit?
Which of the following is calculated by taking the selling price of the buyer's end product and subtracting the required profit?A . Total costB . Target costC . Allowable costD . Should costView AnswerAnswer: B Explanation: Target cost is determined by subtracting the required profit margin from the selling price...
Compliance with which of the following will MOST likely reduce GHI's administrative burden of cargo inspections on materials imported from these sources?
GHI, Inc. is a U.S.-based company with an expanding product line. GHI widens its sourcing of components to global suppliers, including suppliers in countries which are not included in trading blocs or bilateral agreements with the United States. Compliance with which of the following will MOST likely reduce GHI's administrative...
In this situation, which of following is the BEST course of action for FGH to take?
FGH, Inc., a specialty construction company located in Italy, orders bulky customized sound equipment from a sole-source supplier in Asia. The equipment is to be installed in a new auditorium that FGH is constructing. Failure to complete the project in time for its scheduled opening will subject FGH to penalties....
What is the line count fill rate for the customer?
A distributor receives orders from a customer for the following parts: PO1801: 6 pcs of Item #XYZ-06 3 pcs of Item #XYZ-09 PO1802: 3 pcs of Item #XYZ-09 Item #XYZ-06 is currently out of stock. The shipping manager contacts the customer, who gives authorization to ship the available parts and...
What impact would meeting this goal have on profit?
A company would like to reduce its inventory. The firm's investment in inventory represents 12% of the company's $11 million total assets. The inventory carrying cost is 20%. An inventory reduction of $1 million is considered a feasible goal. What impact would meeting this goal have on profit?A . $240,000B...
In this situation, which of the following would be the BEST course of action to take?
At the beginning of each year, a large firm’s indirect procurement organization holds a brainstorming session. These sessions produce many great ideas and foster support among the procurement team. However, after a few years, support for the brainstorming sessions begins to diminish, and the projects discussed are pushed aside in...
