Exam 2: Supply Chain Management

________ is a technology that enables the transmission of routine business documents having a standard format from computer to computer over telephone or direct leased lines.

The average inventory comprising raw materials,work-in-process,and finished goods,was found to be $18.4 million last year.If the cost of goods sold per week averaged $1.12 million.Assume the company had 50 working weeks per year. a.What is their total inventory (measured as weeks of supply)? b.What is their inventory turnover?

Work-in-process inventory is considered an input to the transformation processes of the firm.

A(n)________ is an electronic marketplace where buying and selling firms come together to do business.

The supplier relationship process focuses on the interaction of the firm and upstream suppliers.

Briefly describe competitive orientation,as it applies to supplier relations.

One source of disruption caused by the internal supply chain is

What is inventory turnover?

________ is a supplier relation in which the buyer and seller are partners,each helping the other as much as possible.

________ is an inventory measure obtained by dividing the average aggregate inventory value by sales per week at cost.

________ is a systematic effort to reduce the cost or improve the performance of products and services,either purchased or produced.