One of the Most Value Enhancing Activities Performed by a Supplier,for

question 12

Multiple Choice

One of the most value enhancing activities performed by a supplier,for a key customer,which minimizes carrying costs and can avoid stockouts:

• A)Early supplier involvement scheduling
• B)Vendor managed inventory
• C)Strategic inventory planning
• D)Purchase spend reduction forecasting

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Definitions:

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc., especially in a group or organization.

Global Economy

An interconnected marketplace where goods, services, and capital flow across international borders, influenced by global events and trends.

Lower-Context Cultures

Cultures where communication is explicit, and messages are conveyed mostly through words rather than contextual elements.

Individual Words

Separate units of language that convey specific meanings and are basic components of sentences.