You Are Sending a Large Factory 2,500 Widgets That Have

question 49

Multiple Choice

You are sending a large factory 2,500 widgets that have been on back order.This factory buys from your supply house several times a month.In your letter that tells when the widgets will arrive, the BEST way to refer to the widgets would be

• A)"your order."
• B)"your widgets."
• C)"your invoice #678."
• D)"your invoice dated December 9."

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Definitions:

Supply Chain

The network of organizations involved in producing, handling, and distributing goods or services from production to the end consumer.

Cost

The value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore.

Lead Times

The amount of time that elapses between the initiation and completion of a process, such as the period from placing an order to delivery.

Minimum Shipment Quantities

The smallest amount of product that a supplier is willing to ship, usually determined by transport efficiency or the supplier's policy.