Which of the following modes of transportation is characterized as having the highest fixed cost and lowest variable cost?

Answer(s): D

Procurement professional are focused on the total cost of ownership (TCO) in their vendor selection strategies. This implies that:

procurement is now increasingly charged with pushing back inventory to vendors.
there is increased consideration of trade-offs among purchase price, quality, and vendor capability.
procurement is decreasing its emphasis on the importance of vendor certification and audit programs.
there is increased emphasis on procuring at the lowest purchase price possible.

Answer(s): C

Higher throughput operations enable private warehouses to:

Answer(s): D

Which of the following activities best describes the functionality of decoupling stock within firms' inventory systems?

Separation of the manufacturing process from order processing
Separation of the manufacturing process from the selling process.
Maintaining inventory to accommodate uncertainty in demand at different geographical positions.
Maintaining inventory at a central location for all stages of the value-creation process.

Answer(s): A

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