A Benefit of Having an Efficient Supply Chain Is

question 33

Multiple Choice

A benefit of having an efficient supply chain is:

• A) fewer associates are needed to replenish stock
• B) fewer stockouts
• C) less negotiating with vendors
• D) more time for customer services
• E) planning strategy becomes more predictable

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Definitions:

Population

A total set of individuals, items, or data from which a statistical sample is drawn.

Normally Distributed

A statistical distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Normal Curve

A symmetrical bell-shaped curve that represents the distribution of a set of data, where most occurrences take place around the mean.