Which of the following statements about the use of bar code labels for product identification in the supply chain is true?

• A.They facilitate the capture of information about the location of items.
• B.Each of the trading partners must apply a unique label.
• C.They have been replaced by radio frequency identification tags.
• D.They can be read by devices 1 to 3 meters from the item.

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Potential customers of a company's new product have tight tolerance requirements. The company plans to purchase a critical component. To meet customer requirements, the company should first:

• A.develop an alternate source of supply.
• B.implement statistical process control for the component.
• C.bring manufacturing of the critical component in-house.
• D.certify the supplier of the component.

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Which of the following is most often the primary sourcing consideration for products orservices?

• A.strategic importance of the product or service
• B.complexity of the item
• C.number of suppliers
• D.uncertainty

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Using financial tools to minimize the impact of currency fluctuations is an example of what type of risk management strategy?

• A.Mitigation
• B.Recovery
• C.Prevention
• D.Diversification

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Which of the following forecasting methods relies on the opinions of a panel of experts?

• A.Causal method
• B.Delphi technique
• C.Survey method
• D.Time series analysis

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