Supply Chain Mngt 3 Practice Quiz 2

It is a process like indoctrination of company sourcing strategy, new procedures implementation, evaluation of feedback, and refinement of product sources for a new product.

• Come and go

• Implementation and evaluation

• In and out

• Running and playing

This manages the flow of materials, their transformation into finished goods, and then ultimately delivery as finished goods to the final buyer.

• Bonding

• Mutual Consideration

• Quotations

• Supply Chain Technology

Situational: The King and Queen Manufacturing Co. decided to widen their operations to manufacture more variety of shoes but the manufacturing company noticed that their current suppliers have a hard time providing supplies due to the high demand for raw materials. They decided to check for other suppliers that could accommodate the supply they needed. The King and “Queen Manufacturing Co. noticed that their current supplier has a hard time providing supplies.

• Due to supply and demand

• Due to the pandemic

• Due to the restrictions

• Due to the volume of sales

It is the price of an asset in the market and is commonly used to refer to market capitalization, dynamic because it depends on an assortment of factors, from physical operating conditions to economic climate to the dynamics of demand and supply.

• Economic Value

• Logistics

• Market Value

• Supply Chain Management

This phase involves developing sourcing strategies and setting clearly outlined areas to cut costs and improve profitability.

• Organizational development

• Organizational dream

• Organizational plan

• Organizational strategies

It is conformed to the purchasing manager by the principals.

• Cryptography

• Express Authority

• Pipeline Inventories

• Relevancy Value

The value that a person places on an economic good is based on the benefit that they derive from the good. It is often estimated based on the person's willingness to pay for the good, typically measured in units of currency.

• Economic Value

• Logistics

• Market Value

• Supply Chain Management

It's an early stage of the purchase order there is no confirmation yet from the supplier about the price or the availability of the product. This must be made clear that any supplier who submits an offer without a guarantee will not be considered.

• Bonding

• Quotations

• Mutual Consideration

• Supply Chain Technology

These are competitive options that will make businesses more to stay loyal to the company.

• Price and Quality

• Price, Quality, And Support

• Quantity

• Support

The period in human history characterized by the shift from traditional industry to an economy.

• Agricultural Period

• Artificial Age

• Industrial Period

• Information Age