Marilyn Is Involved in Making an Important Decision Regarding the Purchase

question 77

Multiple Choice

Marilyn is involved in making an important decision regarding the purchase of new equipment for her company's only manufacturing plant. She has just identified several alternative possibilities that will solve the problem that is facing her. What should she do next?

• A) Select the best alternative
• B) Identify alternatives
• C) Evaluate the alternatives
• D) Implement the chosen alternative
• E) Follow up and evaluate the results

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Definitions:

Push And Pull Systems

Supply chain strategies where "push" involves production based on forecasted demand and "pull" relies on actual demand signals for production.

Inventory Management System

A technology-based approach that tracks inventory levels, orders, sales, and deliveries to ensure that the right product is available at the right time.

Seasonality

The occurrence of fluctuations in demand, production, or other variables based on seasonal trends or patterns, often predictable within a calendar year.

Inventory

The total amount of goods or materials held in stock by a business, crucial for meeting customer demand and ensuring smooth operations.