Some Manufacturers and Service Providers Want to Measure the Performance

question 102

Multiple Choice

Some manufacturers and service providers want to measure the performance of supply chain by the percentage of on-time deliveries.The main reason for this measure is

• A) it will discourage the competitors to enter the market.
• B) it measures the satisfaction levels of suppliers.
• C) increased on-time delivery increases revenue by inducing customers to buy more products from the firm.
• D) it helps accounting to debit customer's accounts promptly.

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Definitions:

Financial Crises

Periods of significant financial instability and distress in an economy, characterized by rapid devaluation of assets, bank failures, and loss of investor confidence.

Labor Shortages

A situation where there are insufficient qualified candidates to fill the available jobs in the market, often leading to operational challenges for businesses.

Economic Factors

Elements that influence economic performance and decision-making, including inflation, interest rates, economic growth, and government policies.

Inputs and Outputs

The terms refer to the information or materials that are put into a system (inputs) and the results or products that come out of the system (outputs).