Supply base optimization means ______.
a. reducing the number of suppliers for better control and communication
b. determining the best number of suppliers to purchase from
c. engaging a large number of suppliers so backup supply is available
d. leaving the organization to be vulnerable to unexpected price increases
b. determining the best number of suppliers to purchase from
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The percentage of SKUs received complete on a particular order from a vendor is called the
A. fill rate. B. delivery rate. C. service level. D. product availability. E. order rate.
Oral transitions are unnecessary in a presentation if you use transition slides
Indicate whether the statement is true or false
Offering a promotion during a peak period that has significant forward buying
A) creates a desirable demand pattern. B) creates a demand pattern less costly to serve. C) creates a demand pattern even more costly to serve. D) shifts demand from the peak period to the slow period.
Juan purchased 150 shares of stock at $15 per share. The commission is 2% for round lots and an additional 3% for odd lots. What is the total cost of the transaction?
a. $22.50 b. $2,302.50 c. $30 d. $2,250