Luke Matthews Is the Supply Chain Manager for a Large

question 74

Multiple Choice

Luke Matthews is the supply chain manager for a large plastics manufacturing company. He is responsible for procuring a wide variety of raw materials to be utilized in the manufacturing process of their plastic products. As part of an annual quality control and expense analysis, Luke is reviewing the prices charged by the raw materials suppliers and also seeking bids from competing suppliers to determine whether any savings could be realized. Luke is rewarded by the company with bonuses when he is able to reduce expenses associated with the raw materials as this could lead to higher profit margins on the products they manufacture. Luke knows that saving a few cents can make a dramatic difference since they manufacture thousands of products at their state-of-the-art facility in Indiana. What type of analysis do you believe Luke Matthews can perform utilizing the data related to the prices charged by their current and prospective raw materials suppliers?

• A)Cost analysis
• B)Sales analysis
• C)Advertising analysis
• D)Engagement analysis

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Definitions:

Selection Criterion

Criteria or standards used to make a decision or judgment, such as selecting candidates for a job based on their qualifications.

Performance Appraisal

A formal assessment process in which an employee's job performance is evaluated, typically by their manager, using established standards to guide improvements and professional development.

Rating Scales

Tools or instruments used to assign a value to a variable or to measure a subject's behavior, feelings, or perceptions along a continuum.

Structured Interviews

An interview technique where all candidates are asked the same set of predetermined questions in the same order.