Materials management and physical supply are terms that cannot be used interchangeably
Indicate whether the statement is true or false
False
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The production manager of a company, in an effort to gain a promotion, negotiated a new labor contract with the factory employees that required them to bear a greater percentage of benefit costs than before, thus bringing down the cost of direct labor to the company. Shortly afterward, several experienced and highly skilled workers resigned, and were replaced by new employees whose work was very slow during their training period. At the end of the quarter, the company's profits fell 10%. This would produce a(n) ________.
A) unfavorable direct materials cost variance B) favorable direct labor cost variance C) favorable direct labor efficiency variance D) unfavorable direct materials efficiency variance
Today, when a buyer can't specify all of the details of what it will need in the future, the relationship with a supplier is most likely to involve
A. competitive bids. B. a procurement hub. C. an auction. D. negotiated contracts. E. All of these are likely to be involved.
Your magic number is the number of customers you can comfortably provide with your product or service.
Answer the following statement true (T) or false (F)
In a recent survey on job incentives, money was ranked first.
Answer the following statement true (T) or false (F)