Answers
Item B is low value, high risk, and there are a small number of alternative suppliers.
Bottle neck
If you want to reduce the risk of a supply disruption, you would choose?
Correct match: Multiple Suppliers
Item A is high value, low risk, and there are multiple potential suppliers.
Leverage
Cost of warranty repairs
Post transaction cost
The inventory control tool that does not require direct line of sight to read the tag on a product(s).
Radio Frequency Identification
Payment for the purchased materials
Transaction cost
A series of alternating bars and spaces printed or stamped on parts, containers, labels, or other media, representing encoded information that can be read by electronic readers.
Linear Barcode
Cost associated with the loss of customer goodwill
Post transaction cost
Cost for replacing defective finished goods
Post transaction cost
If you want to develop strong supplier relationships, you would choose?
Single Supplier
Cost associated with investigating the need for a purchased material
pre transaction cost
A type of inventory system that issues an order whenever a withdrawal is made from inventory.
Base Stock Level System
The term used to describe a debt secured by a bidder for the purpose of providing a guarantee that the successful bidder will accept the contract once awarded, is known as
Bid Bond
Cost for a site visit to qualify a new supplier
Pre transaction cost
Cost to understand suppliers needs and operations
Pre transaction cost
Cost for closing out the purchase order
Transaction Cost
Cost associated with a late delivery
Transaction cost
Cost to transport purchased materials
Transaction cost
If you want to create transportation economies, you would choose?
Single supplier
If your purchase volume is very small, you would choose?
Single supplier
Item C is high value, high risk, and there are few suppliers, but they are excellent.
Strategic
Item D is low value, low risk, and there are lots of potential suppliers.
Non-critical
If you wanted to obtain the most information, you would choose?
Multiple supplier