Many Firms Today Are Reducing the Number of Suppliers They

question 93

Multiple Choice

Many firms today are reducing the number of suppliers they use and instead are focusing on building strong relationships with just a few suppliers.What are the advantages of doing this?

• A)Increased use of automation
• B)More control over raw material delivery
• C)Fewer materials used in the process
• D)All of these.
• E)Only "increased use of automation" and "more control over raw material delivery"

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Definitions:

Average Time

The mean time taken to perform a task or activity, calculated by summing the individual times and dividing by the number of observations.

Standard Time

A set duration assigned for completing a given task, based on average time studies and used for planning and scheduling work.

Revised Activity

An activity or task that has been modified or updated to improve efficiency or effectiveness.

Original Activity

An initial or primary action that serves as the basis or starting point for subsequent processes or operations.