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:

Personnel Costs

Expenses related to employees, including wages, salaries, benefits, payroll taxes, and training costs, which are a major part of operating expenses for many businesses.

Information Technology

The study and use of systems for storing, retrieving, and sending information, often involving computers and telecommunications.

Cost Reconciliation Report

A document summarizing the differences between standard costs and actual costs of production.

Work In Process Inventory

An accounting term referring to the total cost of unfinished goods in production.