The __________ analysis demonstrates how other costs besides the unit cost can a

Question

The __________ analysis demonstrates how other costs besides the unit cost can affect purchase decisions.

a. Total Cost of Ownership

b. Early Supplier Involvement

c. Communication Capability

d. Break-even (make vs.buy)

What is the primary goal of purchasing?

a. Ensure uninterrupted flows of raw materials at the lowest total cost

b. Improve quality of the finished goods produced

c. Optimize customer satisfaction.

d. All of the above

Which is a way to reduce supply chain costs?

a. Reduce service to customer

b. Reduce excess inventory

c. Reduce value added activities

d. Reduce time to market

Which of the following would reduce the bull whip effect?

a. Create a promotion at a retailer location

b. Use frequent and smaller order sizes

c. Reduce the length of the supply chain

d. A & B

e. B & C

f. All of the above

Explanation / Answer

Q1. Option a. It helps to understand the direct an indirect cost associated with a product
Q2. Option d.
Q3. Option b. By avoiding the excess inventory being carried the associated supply chain cost can be lowered
Q4. Option f. It tells about how smaller variation at a retailer would affect wholesaler and retailer

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