Often times, organizations try to improve their operations by concentrating their efforts on labor productivity. Which of the following are reasons their efforts may be misdirected?
I. Labor costs are generally the smallest component of product cost.
II. Efficiency of factory workers doesn＇t necessarily relate to benefits for the company.
III. Worker idle time could be used for learning, cleaning, maintenance, etc.

A company purchases a high-volume commodity part from 3 suppliers, which of the following performance measures is most likely compared by the supplier rating system?

An appropriate objective for a buyer to pay a visit to a potential supplier is to

A company is implementing lean principles, including reducing their supplier base. A key element for the supplier rating system is

An action the most supports the principle that quality of information between a customer and supplier leads to product quality is

A key reason for asking purchasing to be involved in the design of a new product is that

When designing a new part, a company can contract with one or more suppliers in a competitive bidding situation, or perform concurrent engineering with one supplier, which of the following situations would most support concurrent engineering?

A design process that attempts to meet all the needs of the stakeholders and should result in a product that can be quickly brought to the marketplace is

Which of the following communications is the primary means of notifying suppliers of needs in a MTS environment where the company is minimizing in-plant inventories?

4PL and 3PL are different in that

Cost reduction objective with suppliers can best be achieved by