18 Questions
What are distribution channels also known as?
Pathways of movement
Why is proper channel management crucial?
To optimize product distribution
What does vendor management involve?
Coordination with suppliers or vendors
Which step comes after selecting vendors in the vendor management process?
Contract Negotiation
What is the purpose of continuous monitoring of vendor performance?
To ensure timely delivery
Why is contract negotiation an important step in vendor management?
To establish terms and conditions
What is the purpose of accessory equipment in production processes?
To facilitate production but not become part of the final product
Which of the following is an example of component parts in manufacturing?
Tires added on automobiles and small motors put into vacuum cleaners
Process materials are different from component parts because:
Process materials are not fabricated further
What is the main distinction between supplies and accessory equipment?
Supplies facilitate production but do not become part of the finished product
Which type of equipment includes large tools and machines used for production purposes?
Major Equipment
In manufacturing, which category does yarn woven into cloth fall under?
Process Materials
What is the main function of wholesalers in the supply chain process?
Storing and managing inventory in warehouses
Which type of businesses are the primary customers of wholesalers?
Retailers
In the supply chain, what is the primary focus of retailing?
Selling directly to end consumers for personal use
What differentiates retailing from wholesaling in the supply chain process?
Selling to end consumers for personal use
Which activity is NOT typically associated with wholesaling in the supply chain?
Advertising directly to end consumers
What role do wholesalers play in connecting manufacturers with retailers in the supply chain?
Acting as intermediaries
Learn about the different types of production and equipment used in various industries, including raw materials, major equipment, and accessory equipment. Understand the role of each type of item in the production process.
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