Evidence of the Growth and Influence of Supply Management in an Organization

question 2

Multiple Choice

Evidence of the growth and influence of supply management in an organization includes:

• A)fewer activities under the management or span of control of supply.
• B)meaningful involvement at the operational level.
• C)involvement in strategic planning.
• D)executive status of the chief supply officer.
• E)involvement in strategic planning and executive status of the chief supply officer.

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Definitions:

Cash Inflows

Money coming into a business from various sources, including sales, financing, and investments.

Salvage Value

The estimated resale value of an asset at the end of its useful life.

Total Cost Approach

The total cost approach considers all possible costs associated with a decision or project, from production to shipping, to evaluate profitability thoroughly.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time, used in capital budgeting to assess the profitability of an investment.