Applying Lean Systems to Supply Chain Relationships Has Which of the Following

question 36

Multiple Choice

Applying lean systems to supply chain relationships has which of the following risks?

• A)It encourages companies to buy at the lowest unit price.
• B)It encourages firms in the supply chain to hold extra inventory to protect themselves from failure.
• C)It makes the supply chain more vulnerable to performance breakdowns.
• D)All of these.

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Definitions:

Personality Psychology

Personality psychology is the study of individual differences in characteristic patterns of thinking, feeling, and behaving.

Organizational

Organizational pertains to the structure and coordination of the activities of a group or entity towards achieving its goals.

Basic Approach

A fundamental strategy or methodology used in a particular field of study or profession, focusing on core principles and techniques.

Personality

A set of emotional, cognitive, and behavioral patterns that are stable over time and across situations, distinguishing one person from another.