The main advantage of in-transit merge over drop-shipping is
A) the ability to reduce cost of inventory by centralizing inventories at the manufacturer.
B) supply chains save on the fixed cost of facilities, because the need for other warehousing space in the supply chain has been eliminated.
C) somewhat lower transportation cost and improved customer experience.
D) order tracking is easy to implement because of the complete integration of information systems at both the retailer and the manufacturer.
Answer: C
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The Allowance for Bad Debts account is classified as:
a. a current asset account. b. a contra-asset account. c. an expense account. d. a and b above. e. a, b and c above.
Orin enters into a contract with Natalie. Later, Orin is adjudged mentally incompetent and Moseby is appointed Orin's guardian. Lila, Orin's daughter, attempts to void Orin's contract with Natalie on the grounds of Orin's incompetency. The contract is?
A) enforceable if Orin does not attempt to disaffirm it. ?B) enforceable if Natalie is also incompetent C) enforceable if Moseby knew of the contract when he was appointed. D) void.
What is the best way to consider organizational performance?
A. return to investors B. how a company changes society or the world C. how it benefits customers, competitors, and employees D. all of these
The process within TB Figure 15.3, Bubble 3.0 might be described as follows: After the master production schedule is determined, an important step in completing the production in a timely manner is identifying, ordering, and receiving materials. Materials requirements planning is a process that uses bills of material, raw material and WIP inventory status data, open order data, and the master
production schedule to calculate a time-phased order requirements schedule for materials and subassemblies. The schedule shows the time period when a manufacturing order or purchase order should be released so that the subassemblies and raw materials will be available when needed. The process involves working backward from the date production is to begin to determine the timing for manufacturing subassemblies and then moving back further to determine the date that orders for materials must be issued into the purchasing process. In an enterprise system, this process is performed automatically, using a variety of data from the enterprise database including:
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Bills of materials, showing the items and quantities required as developed by engineering.
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Parts master data, which contains information about part number, description, unit of measure, where used, order policy, lead time, and safety stock.
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Raw materials and WIP inventory status data showing the current quantities on hand, and quantities already reserved for production for the materials and subassemblies.
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Open purchase order data showing the existing orders fo