National 5 Bus Mgt Ops Suppliers/Inventory

The factors that need to be considered when deciding on a supplier are known as the ...

• Purchasing Mix
• Marketing Mix
• Supplier Mix
• Inventory Mix

Which factor of the purchasing mix does this statement represent ...
'Must be considered if the company aims to earn a profit and keep inventory costs to a minimum'.

• Price
• Quality
• Quantity
• Reputation

Which factor of the purchasing mix does this statement represent ...
'Must be considered if the company wants to reduce wastage and complaints from customers.

• Price
• Quality
• Quantity
• Reputation

Which factor of the purchasing mix does this statement represent ...
'Do other customers recommend the supplier as being one which meets deadlines and provides great customers service?'.

• Price
• Quality
• Quantity
• Reputation

Which factor of the purchasing mix does this statement represent ...
'Do other customers recommend the supplier as being one which meets deadlines and provides great customers service?'.

• Storage Facilities
• Lead Time
• Credit Terms
• Reputation

Which factor of the purchasing mix does this statement represent ...
'Will the supplier help our cash flow by giving us time to pay invoices after delivery has been made?'.

• Storage Facilities
• Lead Time
• Credit Terms
• Reputation

Which factor of the purchasing mix does this statement represent ...
'Will the supplier be able to turn round orders quickly and charge less for transportation due to be being based close by?'.

• Storage Facilities
• Lead Time
• Credit Terms
• Location

Which factor of the purchasing mix does this statement represent ...
'Does the time taken to deliver goods after an order has been placed meet with our own production deadlines?'.

• Storage Facilities
• Lead Time
• Credit Terms
• Location

Inventory Control. There are four factors in inventory (stock) control. Which one is being described here?
'this is the highest level of inventory which should be held which minimises holding costs (security etc) and ensures cash is not tied up unnecessarily'.

• Maximum inventory (stock) level
• Minimum inventory (stock) level
• Re-order level
• Re-order quantity

Inventory Control. There are four factors in inventory (stock) control. Which one is being described here?
'this is the amount of inventory which should be ordered once the trigger point has been reached.'

• Maximum inventory (stock) level
• Minimum inventory (stock) level
• Re-order level
• Re-order quantity