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String Line Inc

question 2

Multiple Choice

String Line Inc.has established a loyal supplier base.The management at String Line had created a system in which it chooses a supplier that is reasonably affordable, and instead of quoting the company's price and demanding that it be met, it complies with the supplier's quotes.Over time, this has established a bond of loyalty with the supplier.When String Line opened a new branch, the supplier built its plant close to the branch so as to save transportation costs.Which of the following has String Line Inc.established with the supplier?

Definitions:

Replenishment Cycle

The repeat process of ordering and stocking new inventory to replace what has been sold or used, ensuring a sufficient level of stock is maintained.

Retailer and Distributor

Involved in the distribution process, with retailers selling goods directly to consumers and distributors serving as intermediaries who move products from manufacturers to retailers or other businesses.

Customer Order Entry

A system or process that captures and records customer requests for goods or services.

Order Accuracy

The degree to which completed orders correctly match the initial specifications or requests in terms of quantity, type, and quality.