One of the Benefits of EDI Is That It Can

question 103

Multiple Choice

One of the benefits of EDI is that it can reduce lead time,which is

• A) the time between the decision to place an order and the receipt of the merchandise.
• B) the time from when an RFP is announced to the time a consumer purchases the finished product.
• C) the time from when funds are committed for purchase of raw materials to the time when the payment for the finished goods is actually received.
• D) the time between when finished goods leave the manufacturer until the time they arrive, floor-ready, at the retailer.
• E) the time between when an item is sold to a customer and when a replacement is made available for purchase by another customer.

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Definitions:

Branch Plants

Factories, offices, or other operations set up in a country by a company that is based in another country, often to take advantage of lower production costs.

Low-Wage

Employment that remunerates workers with pay significantly below the average for the labor market.

Deskilling Thesis

The deskilling thesis is a concept in sociology and economics that suggests technology and organizational changes can lead to the devaluation of workers' skills and their displacement by machines or less skilled labor.

Henry Ford

An American industrialist and founder of the Ford Motor Company, known for pioneering assembly line production techniques in manufacturing.