ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Just-in-time/SCM purchasing requires the following condition:
|
|
Many suppliers
|
|
|
Short-term contracts
|
|
|
Cooperation between purchasing and suppliers
|
|
|
Continuous competitive bidding
|
Explanation:
Detailed explanation-1: -Effective sourcing ensures quality and cost-effective manufacturing and also maintains control of inventory levels and overhead costs. Sourcing is an important aspect of your supply chain management (SCM) strategic planning-done right it improves efficiencies and lowers risk in your supply chain.
Detailed explanation-2: -SCM can include having suppliers actually on site producing products or services in a manufacturers facility. Capacity allocation decisions have a significant impact on supply chain performance because they tend to stay in place for several years. The concept of Supply chain originally came from Logistics.
There is 1 question to complete.