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During negotiations with its key supplier, managers at Fleury Fire Equipment identified an opportunity to reduce supply chain costs by minimizing inventory

Price:
$16.99
SKU:
118092


Product Description

During negotiations with its key supplier, managers at Fleury Fire Equipment identified an opportunity to reduce supply chain costs by minimizing inventory. The cost reductions were shared by both parties in the negotiation. This is an example of a distributive opportunity.

 True

 False

 

3 points 

QUESTION 3

The sharing of point of sale data by retailers can reduce the need for a manufacturer to carry inventory.

 True

 False

 

3 points 

QUESTION 4

Qualitative forecasting methods have the advantage of being objective and consistent.

 True

 False

 

3 points 

QUESTION 5

Joint forecasting between supply chain partners, such as manufacturers and retailers, is a key element of ________.

A.sales and operations planning

B.collaborative planning, forecasting, and replenishment

C.vendor managed inventory

D.the Sustainable Purchasing Protocol

E.fixed time-period forecasting

 

3 points 

QUESTION 6

A sourcing manager for a hospital system is planning to purchase supplies through an e-auction. Which of the following is a benefit that she should expect to receive?

A.A series of completely trustworthy bids

B.Stronger relationships with current suppliers

C.A smaller set of suppliers to choose from

D.A reduction in the time required to request and receive bids

E.None of the above are benefits of e-auctions

 

3 points 

QUESTION 7

Efforts to improve supply chain security present new challenges to firms, including ________.

A.increased regulatory requirements

B.increased transport time and costs

C.less variable lead times

D.a decreased need for relationship management

E.A & B


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