Supplier Management in a Lean System

question 38

Multiple Choice

Supplier management in a lean system:

• A)May require co-location of supplier goods close to plants that receive delivery
• B)Means and increase in the number of suppliers for each component
• C)Generally involves short-term relationships with the buyer
• D)Usually requires additional paperwork,as compared with the non-lean system

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Definitions:

Lessee

A person or entity who leases property or equipment from another, the lessor, under a lease agreement.

Right-Of-Use Asset

An asset that represents a lessee's right to use an underlying asset for the lease term under an agreement.

Debt-To-Equity Ratio

The ratio highlights the balance of debt and equity used in the financial structuring of a company's assets.

Total Liabilities

The aggregate of all debts and financial obligations a company owes to outside parties, reflected on the balance sheet.