Which of the following actions is most likely to reduce inventory carrying costs?

• A.Utilize ABC classification
• B.Standardize the items in inventory
• C.Set minimum inventory levels
• D.Initiate a vendor-managed inventory (VMI) program

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Which of the following actions is most appropriate when implementing a strategy to create customer-affordable value?

• A.Increase safety stock.
• B.Extend product warranty.
• C.Employ lean principles.
• D.Use a more rapid transportation mode.

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All of the following describe indirect materials EXCEPT:

• A.not part of the manufacturing process
• B.essential for the business to operate
• C.referred to as MRO
• D.part of finished product

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Managing supply chain risks includes which of the following activities?

• A.Creating extra inventory to cover disruptions in the supply chain
• B.Setting aside funds for disruption-recovery efforts
• C.Developing alternatives to key suppliers
• D.Charging each supply chain partner a portion of risk cost

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Which of these SCM processes are critical linkages?

• A.Supplier Relationship Management (SRM)
• B.I and II
• C.Demand Management
• D.Customer Relationship Management (CRM)
• E.I and III

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