The Purchasing Manager of a Company Wants to Minimize Stock-Outs

question 119

Multiple Choice

The purchasing manager of a company wants to minimize stock-outs as well as obsolete inventory. Which of the following tools needs to be implemented?

• A) Blanket purchase order
• B) Advanced planning and scheduling (APS)
• C) Buy-back contracts
• D) Business-to-business integration software

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Definitions:

Team Building

Activities and exercises designed to enhance social relations and define roles within teams, often involving collaborative tasks to improve performance and morale.

Intervention Method

Techniques or strategies applied to intervene in a process or situation with the goal of facilitating change or achieving desired outcomes.

Employee Attitudes

Refers to the feelings, beliefs, and predispositions that employees have towards their jobs, colleagues, and their organization.

Telecommuting

The act of performing job duties from a distance, not within a conventional office setting, typically enabled by technological means of communication.