Operations management is defined as: "the effective management of value adding transformation processes to efficiently integrate and achieve specified performance measures toward product/service, process technology and market goals." Stonebreaker and Leong, Operations Strategy.
In this context, the term efficiently means:

A technique useful for businesses to become virtual supply chains in order to reduce costs and improve due-date performance is

An action that most limits the effect of changes on a supplier is

On-time supplier deliveries can be impacted most by

Which of the following elements is a key principle of lean purchasing?

A supplier is on site counting and restocking inventory, this is referred to as

Which of the following production environments is likely to have the most supplier partnerships where product life cycle is a considerations?

The process of a supplier shipping directly to the purchase＇s customer is know as

Negotiating purchase order prices is resulting in the delay of procured materials. To minimize this problem, the buyer should

A matrix chart has been developed to compare supplier pricing for a new part so standard cost can be established. Which of the following costs should be included?

Direct delivery of material to a specific location on a plant floor near the production line is called