Describe the fastest growing components of SCM systems.
What will be an ideal response?
Fastest growing SCM components include Supply chain event management (SCEM) - enables an
organization to react quickly to resolve supply chain issues. Selling chain management - applies
technology to the activities in the order life cycle from inquiry to sale. Collaborative engineering - allows
an organization to reduce the costs required during the design process of a product. Collaborative demand
planning - helps organizations reduce their investment in inventory, while improving customer
satisfaction through product availability. RFID is also going to change the future of supply chain.
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Master budgets are composed of operating and non-operating budgets
Indicate whether the statement is true or false
Obtaining consistent results regardless of the job analysis method used is a measure of:
A. validity B. acceptability C. reliability D. flexibility E. administration
Inventory turnover measures ________
A) the days' sales in inventory ratio B) how rapidly merchandise inventory is purchased C) how rapidly merchandise inventory is sold D) the time period for inventory to become obsolete