One common way of measuring the effectiveness of the Supply Chain is through the fill rate. Which of the following best describes the fill rate?
A. The rate at which the stock in warehouse storage bins increases.
B. The number of items per hour that receiving employees can move from the receiving dock to the warehouse.
C. The average amount of time it takes for the organization to fulfill customers' orders.
D. The percentage, in monetary value, of a supplier's order which is actually delivered to the organization.
Answer: D
You might also like to view...
XRLB reporting:
a. must be used by banks to file required quarterly "Call Reports" b. is used substantially both in the US and internationally. c. facilitates the fulfillment of legal requirements stipulated in SOX. d. All of the above. e. None of the above.
Monica works as a salesperson in a retail clothing store. Of the five stages in the selling process, Monica is least likely to engage in
A. generating and qualifying leads. B. closing the sale. C. making the preapproach. D. following up. E. making a sales presentation.
In the three-step approach to organizational buying, the second step-the decision-making process-involves
A. describing the need. B. monitoring supplier performance. C. identifying the problem. D. specifying the product. E. soliciting proposals/bids from suppliers.
Which of the following statements regarding a 52-53 week tax year is correct?
A. The year-end must be the same day of the week in all years. B. The year cannot contain more than 366 calendar days. C. Every four years, there will be only 51 weeks. D. The year cannot end on a Sunday. E. None of these.