Supply Management

$10.00

The author recommends centralized authority for the supply management of an organization

 

SKU: Repo600590

1.Supply Management contributes which of the following to the organization? ( X — put a mark on lines in front of phrases that apply)

Increase sales with materials received timely

_ Production remains efficient and effective

_ Create a job for a supply management specialist

__ Increases profit margin

 

2.The Supply Management Process is defined in five steps — put a number 1 through 5 in the lines to show the sequence they occur.

Identify the best supplier

Manage the business relationship Creation of an enforceable agreement Identify item(s) or service(s) required Negotiate a fair and reasonable price

 

3.The author recommends centralized authority for the supply (material acquisition) management of an organization/company. (Circle Answer/change color of letters/shade background to reflect your answer)

TRUE                             or                                  FALSE

 

4.Power plays an important role in business relationships (particularly the business owner): which of the following statement(s) is correct?

Captive Buyer: buyer is held hostage by a supplier free to switch to another customer

Captive Supplier: makes investments in order to secure a portion of the buyer’s

business, with no assurance of sufficient business to recoup the investment

 

5.In the development of a new product a prudent Business Owner (Material Acquisition Manager) would need to development alternatives when deciding to make a product. (Circle/Highlight all of the correct answers)

  1. Customer acceptability
  2. Suitability
  3. Geographic location
  4. Ability to be produced
  5. Component availability

 

Curiosity: Which of the last answers do you feel most important when making the choice to produce or not? Why?

Reviews

There are no reviews yet.

Be the first to review “Supply Management”

Your email address will not be published. Required fields are marked *

Sorry no more offers available