Report by Cranfield University to the Department for Transport in England

question 46

Multiple Choice

report by Cranfield University to the Department for Transport in England recognized outsourcing as one of the key factors driving increased levels of ____________. The idea of ______________ should underlie all of the previously discussed cost categories.

• A) insurance / insurance management
• B) losses / loss prevention
• C) shrinkage / shrinkage prevention
• D) supply chain losses / preventing losses
• E) supply chain risk / risk management

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Definitions:

Resource Acquisition

The process of identifying, obtaining, and allocating the necessary resources, such as human, financial, or material, to achieve organizational goals.

Inventories

Quantities of goods or materials that a business holds for the purpose of sale or production.

Facilities

Physical resources such as buildings or equipment provided for a particular purpose.

Product Quality

The extent to which a product meets or exceeds customer expectations in terms of durability, reliability, functionality, and other attributes.