To Lower Costs and Reduce Manufacturing Time,Michelin Has People Work

question 81

Multiple Choice

To lower costs and reduce manufacturing time,Michelin has people work together on important purchases.These people include individuals in the roles of buyers,deciders,gatekeepers,and others,as needed.This type of cross-functional group is known as a(n)

• A)purchasing committee.
• B)sustainable procurement panel.
• C)buying center.
• D)supply partnership.
• E)purchasing task force.

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Definitions:

Raw Materials

Basic materials that are used in the production process to manufacture goods, often processed in multiple stages before becoming part of the final product.

Total Manufacturing Costs

The sum of all costs directly involved in the production of goods, including direct materials, direct labor, and manufacturing overhead.

Current Year

The present calendar year, within which all immediate or current financial, business, or calendar activities are considered.

Cost of Goods Manufactured

The cost of goods manufactured represents the total production cost of goods completed during an accounting period, including materials, labor, and overhead.