An Executive States That HR Must Be a True Partner

question 73

Multiple Choice

An executive states that HR must be a true partner of the business,with a deep and up-to-date understanding of business realities and objectives,and must ensure HR initiatives fully support them at all points of the value chain.This is an example of

• A) relationships among activities within the firm and with other stakeholders.
• B) relationships between firms.
• C) interrelationships among activities within the firm.
• D) interrelationships among firms.

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Definitions:

Vendor Managed Inventory

A supply chain agreement where the supplier assumes the responsibility of managing inventories and stock replenishment for the customer.

Continuous Replenishment Systems

A logistical strategy whereby inventory is continuously monitored and replenished to maintain optimal levels at all times.

VMI System

A collaborative strategy where suppliers take responsibility for managing inventory levels at the customer's site, often improving supply chain efficiency and reducing stocking costs.

Category Leader

Indicates a brand or product that dominates a specific category in terms of sales, customer preference, or market share.