In the Sourcing/purchasing Design Matrix, There Are Three Variables: Contract

question 63

Multiple Choice

In the sourcing/purchasing design matrix, there are three variables: contract duration, transaction costs and specificity (assume levels as short, medium and long for contract duration and for the rest, low, medium and high) .Vendor managed inventory belongs to

• A)long contract duration, high transaction costs and low specificity.
• B)short contract duration, high transaction costs and low specificity.
• C)long contract duration, low transaction costs and low specificity.
• D)long contract duration, high transaction costs and high specificity.
• E)long contract duration, low transaction costs and high specificity.

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Definitions:

Ladder Diagram

a graphical representation used in programming PLCs that emulates the structure of electrical relay logic to control processes.

Logic Represented

Describes how logical states or operations are symbolized or implemented in programming or circuit design.

Ladder Logic

A graphical programming language resembling electrical relay logic, used for developing programs in programmable logic controllers (PLCs).

Output

The result or effect of a process, often referring to the signals or data sent by a system to actuate devices or display information.