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Questions and Answers
What are the hot topics in supply chain management discussed in this module?
What are the hot topics in supply chain management discussed in this module?
- Demand forecasting and production planning
- Material procurement and supplier management
- Inventory valuation and cost accounting
- Product traceability and chain of custody (correct)
Which processes are discussed at a high level at the start of the module?
Which processes are discussed at a high level at the start of the module?
- Quality control, just-in-time production, and lean manufacturing
- Inventory optimization, demand variability, and lead time management
- Supply chain risk management, supplier relationship, and vendor evaluation
- Master scheduling, material requirements planning, and various levels of capacity checks (correct)
What is emphasized as a competitive advantage in the context of inventory management?
What is emphasized as a competitive advantage in the context of inventory management?
- Minimal inventory holding costs
- Frequent inventory turnover
- Great inventory management (correct)
- Large inventory stockpiling
What is a key area of discussion from an internal communications perspective?
What is a key area of discussion from an internal communications perspective?
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What is discussed in relation to managing product disposition and obsolescence?
What is discussed in relation to managing product disposition and obsolescence?
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