A Bidder's List Refers to

question 207

Multiple Choice

A bidder's list refers to

• A)a list of firms believed to be qualified to purchase a given item.
• B)a list of firms believed to be qualified to supply a given item.
• C)those firms that have expressed interest in supplying a specific item but have not yet been approved.
• D)a list of firms that have not yet expressed an interest in supplying a specific item to the firm.
• E)a list of approved suppliers that have not yet been entered into the firm's purchasing databank.

---

Definitions:

Cycle Time

The total time taken from the start to the finish of a production process or operation.

Move Time

The time taken to transfer materials from one stage of production to another or from one department to another within a manufacturing process.

Cycle Efficiency

A measure of the effectiveness of a process or system, typically referring to the ability to complete a cycle in a timely and cost-effective manner.

Cycle Time

The total time from the beginning to the end of a process, including processing time and any delays, often used in manufacturing and project management.