Which of the Following Best Describes IBM and General Electric

question 31

Multiple Choice

Which of the following best describes IBM and General Electric?

• A) global exporters
• B) multinational corporations
• C) domestic corporations
• D) global importers

Understand the implications of different supply sourcing strategies on supply chain flexibility and cost.

Recognize the benefits of quick response and tailored sourcing in supply chain management.

Evaluate the effects of forecast accuracy and lead time on supply chain performance.

Understand the relationship between forecast error (standard deviation) and its impact on expected profit and understock.

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Definitions:

Tactical Planning

The process of developing short-term actions and strategies that are aligned with an organization's longer-term goals and strategic plan.

Software Development

The process of conceiving, specifying, designing, programming, documenting, testing, and bug fixing involved in creating and maintaining applications, frameworks, or other software components.

Licensed Software Solutions

Software products that require a purchase or subscription to legally use, often providing specialized functionalities for businesses, including supply chain operations.

Principle Requirements

Fundamental or core needs that must be met to achieve a desired outcome or maintain a system’s functionality.