The company's supply chain is exposed to a number of risks that vary in their severity, probability, and detectability. Each of these factors is estimated as follows:- Severity (10 - most severe, 1 - least severe);- Probability (10 - almost certain, 1 - almost improbable);- Detectability (10 - absolute uncertainty, 1 - almost certainly will be detected).A Risk Manager has developed the following risk matrix:Assuming that the cost of addressing any of the above failures is the same, which of the following risks should the company address first?
An organization is striving to improve the transfer of multiple levels of data about products and services to trading partners in the supply chain network. Which of the following solutions is most appropriate?
A firm produces goods that are subject to frequent customer design changes. The products are sold to a few distributors who sell to a large number of retailers. In this situation, which of the following push-pull strategies is the best approach?
A company has 10,000 units of a product on hand. Annual usage is 50,000 units. There are 250 working days in the year. The company has how many days of supply?
Using which of the following elements, in addition to purchase price, describes the use of the total cost of ownership (TCO) model to make procurement decisions?
Which of the following statements about the International Organization for Standardization (ISO) is true?
