A Reorder of an Existing Product or Service from a List

question 107

Multiple Choice

A reorder of an existing product or service from a list of acceptable suppliers is referred to as a

• A) new buy.
• B) straight rebuy.
• C) modified rebuy.
• D) standard reorder.
• E) make-buy.

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Definitions:

Total Logistics Cost

The overall expenses associated with the planning, implementing, and controlling of goods’ movement, including transportation, inventory, warehousing, and order processing costs.

Facilities

Physical locations and infrastructures, such as factories, warehouses, and offices, where business operations occur.

Supply Chain Network

A complex system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Global Network Design Decisions

Involve determining the optimal configuration and management of a company's supply chain operations across global markets to enhance efficiency and performance.