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Note that your final mark will not be saved in the system.
Note that your final mark will not be saved in the system.
3.3.2 - The role of procurement MatchUp
Target Level
4-5
Running Total
0
0%
Attempt
1 of 3
Click on a top box, then click on its match below. Or, drag a top box and drop it onto the correct match. Match all pairs before clicking ‘Check’.
Warehouse or storage costs
How reliable they are, what price they charge, and whether the quality of the product is reliable
Buffer stock
To ensure their orders are prioritised as they are regarded as a good, reliable customer that pays on time and communicates well
Establishing a relationship with suppliers so that the right products are ordered from good suppliers
It represents all the steps and processes involved in making the product, which cannot be sold until it is complete
Finding and ordering the correct products and making sure they will arrive when they are required
A less well established business, looking for customers, may price below what they need to survive. Not all orders may be fulfilled
Just-in-time
Just-in-case
JIT stands for what?
JIC stands for what?
This is reduced when using just-in-time stock control
This is not present when using just-in-time stock control
These issues will affect the choice of suppliers for a business
What does the term 'logistics' mean?
What does the term 'procurement' mean?
Why do businesses aim to develop good relationships with certain suppliers?
Why should a supply chain be managed carefully?
A disadvantage of always choosing the cheapest supplier