This Involves the Use of Computer Models to Identify the Most

question 46

Multiple Choice

This involves the use of computer models to identify the most valuable suppliers and to identify purchasing opportunities.

• A) Supply chain management
• B) Strategic sourcing
• C) Supplier relationship management
• D) Value analysis
• E) Electronic data interchange

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Definitions:

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.

Activity Changes

Adjustments or variations in the level of a company's activities, such as production volume or sales, that can impact its costs and operational efficiency.

Straight-Line Depreciation

A method for distributing the cost of a solid asset in even annual payments throughout its effective life.

Insurance Premiums

The amount of money that an individual or business must pay for an insurance policy.