The Focus of the Purchasing Function in the War Years

question 19

Multiple Choice

The focus of the purchasing function in the war years (1910-1946) was

• A)developing basic purchasing procedures.
• B)obtaining scarce materials.
• C)solely on reducing prices.
• D)developing collaborative relationships with suppliers.

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Definitions:

Supply Chain

A network of businesses involved in the production, delivery, and sale of a product, from the initial raw materials to the final consumer.

Product Life Cycle

The phases a product experiences from its launch, to its growth, peak, and eventual decrease in the marketplace.

Supply-Chain Management

The coordination and management of a network of interconnected businesses involved in the provision of product and service packages required by the end customers.

Purchased

The act of acquiring goods or services in exchange for money or its equivalent.