The Approach Authorizing Major Suppliers to Make Purchases for Their

question 16

Multiple Choice

The approach authorizing major suppliers to make purchases for their own accounts, resulting in suppliers providing only what is needed when it is needed, is referred to as ________.

• A) single-source managed inventory
• B) vendor managed inventory
• C) account managed inventory
• D) cost managed inventory
• E) time managed inventory

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Definitions:

Warnings

Alerts or cautions given to advise someone of potential danger, mistakes, or undesirable outcomes.

Power

The potential or ability to influence decisions and control resources.

Coalition

A specific arrangement of parties working together to combine their power.

Corporate Culture

The set of beliefs, values, norms, and practices that defines the way a company operates and how its employees interact.