A company develops annual forecasts for key products and enters into annual contracts with key suppliers based on the forecasts. Which of the following benefits would the company most likely receive from this approach?

• A.Improved service
• B.Shorter delivery lead times
• C.Higher-quality products
• D.Lower prices

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Supply chain disruption avoidance measures typically are based on distinguishing:

• A.common and special causes of variation.
• B.planned events from unplanned events.
• C.certified trading partners from other trading partners.
• D.supplier issues from distribution issues.

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Which of the following do many practitioners associate with the term "collaboration" asapplied to supply chains?

• A.joint decision making
• B.collaborative planning
• C.information sharing
• D.supply chain restructuring

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Managing supply chain risks includes which of the following activities?

• A.Developing alternatives to key suppliers
• B.Setting aside funds for disruption-recovery efforts
• C.Charging each supply chain partner a portion of risk cost
• D.Creating extra inventory to cover disruptions in the supply chain

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Which of the following is the key benefit obtained by using technology in supply chain?

• A.Orders can be received online and shipped via online system quickly
• B.Business can quickly tailor their service to customer expectations
• C.Invoicing and payment can be done online improving cash-to-cash cycle time
• D.Display product or service offerings online for easy access to information

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