The Key to Effective Supply-Chain Management Is to Get Many

question 111

True/False

The key to effective supply-chain management is to get many suppliers to compete with each other, in order to drive down prices.

---

Definitions:

Manufacturing Business

A company involved in the transformation of raw materials into finished products through the use of machinery and labor.

Free-Flow Layout

A store or workplace arrangement where fixtures and merchandise are grouped in an informal, non-linear manner to encourage exploration by customers.

Hat Shop

A retail store specializing in selling hats and headwear.

Process Layout

An arrangement of resources in a manufacturing or service system according to the sequence of operations that need to be performed.