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Is there another way to get this exercise? Because I don't really understand the explanation in this method
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- Q 1: Why should an organization invest in supplier development programs? important instructions: answer must be original in contax, should not contain plagirism, answer must be in proper detail and higlighted all important points. explanation must contain proper facts and figure and examples are mandatory)i need 3 below answer A commercial draft typically: Multiple Choice specifies the payment amount and payment date. specifies that the purchaser use the seller’s bank as the guarantor. requires payment prior to the delivery of the goods. is signed upon delivery of the goods. involves a lien on the purchasers’ current assets. For a JIT inventory system to be efficient, the: Multiple Choice inventory must have an independent demand. firm’s suppliers need to be able to deliver goods quickly upon order. managers must limit production each day to a set quantity. firm must be a reseller of goods, not a manufacturer. supplying firm must be a subsidiary of the ordering firm The EOQ model considers all of the following except the: Multiple Choice cost of the inventory. carrying cost. fixed cost of an order. restocking cost. annual sales units.Please do not give solution in image format thanku 3. The goal of inventory management is to have the right ______, in the right _______, at the right _______. A. product, range, season B. price, place, supplier C. price, range, season D. product, place, time 4. A supply chain with a distributor has more product handling than one without a distributor. True or False? 5. Lead time is a way to measure the availability of inventory. True or False? 6. Expected profit is a direct measure of how well a company serves its customers. True or False? 7. Demand is modeled with a normal distribution that has a mean of 300 and a standard deviation of 50. What is the probability that demand is 400 or less? A. 97.7% B. 95.4% C. 47.7% D. 2.3% 15. Store A purchases cases of fertilizer for its lawn-care business from a supplier who charges Store A $30 per order and $50 per case. Each case consists of five bags of fertilizer. Store A needs 2000 bags of fertilizer a year. Store…
- Q 1: Why is it important to balance production capacity with market demand? important instructions: answer must be original in contax, should not contain plagirism, answer must be in proper detail and higlighted all important points. explanation must contain proper facts and figure and examples are mandatory)27-When the supplier provides only what is needed when it is needed this known as O a.Vendor managed inventory b.Customer intention development c.Independent need fulfillment . D.Vast supply chain processlink of PDF : https://docdro.id/psUSO2n https://docdro.id/KV8USNQ question : 1. According to Weele, why should we measure the purchasing function? 2. According to Weele, what elements in the purchasing function should we measure? 3. According to Weele, the items that we measure determines the role of the purchasing function. List these roles, and show the mapping. 4. According to Simpson and et.al, why should we measure the performance of our suppliers? 5. According to Simpson and et. al, what are the characteristics of our suppliers should we measure? List these down in terms of evaluative criteria and its details.
- Q) How would you teach the congruence model to your peers? Why is it relevant? Please explain this but not copy paste from the anywhereQ-1. it patronage income is distributed back to the members on a non-qualified basis, who Initially pays the tax? Options: No tax is paid because it is distributed on a non-qualified basis No one initially but the farmers will pay the tax when they receive the cash The cooperative The members Q-2. In the early 2000s, the Farmland Industries bankruptcy caused a lot of financial stress for Kansas grain marketing and farm supply cooperatives. To deal with this stress, most co-ops wrote down unallocated equity values. Why did they take this action? Options: It was to the benefit of the member because non-members mostly paid for the losses incurred by the cooperative It was to the benefit of the member because unallocated equity is directly tied to the copperative Members actually voted for this decision because they wanted to lose their allocated equity Members would benefit because writing down unallocated equity actually caused them to own a smaller percentage of the cooperative and…Please answer these question: 1. A standard purchase order is a document that buyers use to communicate the need with suppliers A. False B. True 2. Modern companies use electronic purchasing because it is - A. Cheaper B. Saves time C. More efficient. D. A reduction in overhead costs in the purchasing area. 3. Which statement is the most accurate? A. Purchasing staff are responsible for buying all goods B. Spot buying is some times used. C. Manufacturing staff may ask for certain types of material D. In big companies the three choices are possible purchase
- 9.When the supplier provides only what is needed when it is needed this is known as O a. Independent need fulfillment. O b. Customer intention development O c. Vast supply chain process. O d. Vendor managed inventoryWhich of the following statements is not true: Select one: a. Inventory holding costs are the largest component of total annual inventory costs b. Product and technology life cycles are shortening c. More variety is being demanded by customers d. Lead times depends on the supplier manufacturing capabilties7) Simple product line extensions that do not require changes in the administrative systems are considered diversification. a) True b) False