14. -A A. stockout B. stock up is a situation when a customer wants a product an

Question

14. -A A. stockout B. stock up is a situation when a customer wants a product and it is not available. C. holdout D. holdup 15. Which of the following statements is TRUE regarding tier 1 suppliers? A. Tier 1 suppliers are the starting point of a supply chain, B. Tier 1 suppliers are the primary suppliers to tier 2 suppliers. C. Tier 1 suppliers are the primary suppliers to manufacturers D. Tier 1 suppliers are the primary suppliers to retailers 16. A supermarket is typically at the level of a supply chain A. supplier B. manufacturer C. distributor D. retailer is the cost of goods purchased from suppliers. B. Procurement C. Supply D. Negotiation 18. The flow of material, info, and money between consumers and suppliers is A. Inventory B. Project management C. Distribution D. Logistics 19. Which of the following is NOT a reason for the bullwhip effect? A. Ordering a quantity that exceeds demand B. Ordering a quantity that exactly matches demand C. Stocking up with items on sale D. Ordering a quantity that is more than what is needed to meet future demand 20. The flow of material at a single workstation is known as A. Workplace logistics B. Facility logistics C. Global logistics D. Corporate logistics

Explanation / Answer

Ans:

14) Option A

Stockout

A stockout is a situation when an item is out of stock. It is a situation that customers want to purchase the product but it is not available.

15) Option C

Tier 1 suppliers are the primary suppliers to manufacturers.

Tier 1 suppliers supply components directly to the manufacturer and it plays an important role in the supply chain.

16) Option D

Retailer

Super markets are retail stores which as supplied directly by the company distributors.

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