5 Questions
What is the learning objective related to cost management in the supply chain?
Understanding the impact of cost management in the supply chain
What did Mike mention about the department's budget?
Spending the department's budget twice as fast as last year
What did the new supplier offer an excellent price on?
Solenoid parts
What did Bill from Engineering mention about solenoids?
They don't use solenoids
What did Mike imply about the price of components?
He can get a better price online
Test your knowledge of purchasing and supply management with this quiz covering cost management, price/cost setting strategies, and cost breakeven point. This quiz will help you understand the impact of cost management in the supply chain and differences in pricing strategies based on demand and supply.
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