When

conducting a comprehensive evaluation of a prospective supplier’s engagement

with and management of labour relations such as workplace conditions, employee

rights, union interactions, and compliance with labour legislation which of the

following supplier selection criteria does this assessment most appropriately

fall under?

An

automobile manufacturer makes use of the Just-in-time (JIT) philosophy with

regards to inventory control. Which one of the following statements is NOT true

with regards to the JIT inventory strategy?

Supply management contributes significantly to the reduction

of total organizational expenditure through a variety of strategic and

operational interventions. However, one of the following actions does

Collaborative Planning, Forecasting, and Replenishment

(CPFR) is a strategic business process that enhances coordination and

information sharing among supply chain partners. It aims to improve overall

efficiency by aligning planning, forecasting, and inventory replenishment

efforts across the network. CPFR involves shared decision-making between

suppliers and retailers to ensure products are available at the right time, in

the right quantity, and at the right place.

Which

of the following accurately describes the scope of purchasing activities within

a business?

_________

refers to the comprehensive and strategically

integrated set of organisational processes undertaken to systematically

evaluate sourcing possibilities, formulate sourcing strategies, identify and

assess potential suppliers, and execute the full spectrum of actions necessary

to acquire goods and services in alignment with organisational goals and supply

chain objectives

Qualitative

forecasting methods are most suitable in situations where:

The

costs associated with discrepancies between supply and demand, for example

through lost sales, high inventory costs and discounts, are on the increase in

many industries. The major cause of demand variability within a firm include:

When

developing accurate demand forecasts, businesses must consider various patterns

that influence demand, supply, and product behaviour over time. These patterns

help planners anticipate changes and make informed decisions regarding

production, inventory, and distribution. Which of the following combinations

best represents the typical patterns that significantly affect demand

forecasting in supply chain management

Strategic planning within the logistics function constitutes

a critical component of the overall delivery mechanism, primarily aimed at

guaranteeing that the customer: