Strong alliances with suppliers
PARTNERSHIPS
Making products after an order
PULL
Time from order to delivery
RESPONSETIME
Stock kept on hand
INVENTORY
Network that moves materials into finished products
SUPPLYCHAIN
Making products ahead of time
PUSH
Flow of goods toward the customer
DOWNSTREAM
Total expenses in supply chain
COST
How often stock is sold and replaced
TURNOVER
Materials, information, and capital are supply chain
FLOWS
What must be matched with supply
DEMAND
The design and control of the supply chain
MANAGEMENT
Checking if products meet standards
QUALITY
Flow of good and data back to suppliers
UPSTREAM
TRUE OR FALSE: Materials Management focuses on planning, directing, controlling, and coordinating activities related to materials and inventory requirements.
TRUE
TRUE OR FALSE: Materials management starts only after raw materials are received in the warehouse.
FALSE
tapos underline and word na after it should be BEFORE
TRUE OR FALSE: One primary objective of Materials Management is to ensure a continuous supply of materials in the right quantity and quality at an economical cost.
TRUE
TRUE OR FALSE: Minimizing investment in materials and inventory is considered a secondary objective of Materials Management.
FALSE
Underlined word: secondary
Correct answer: primary
TRUE OR FALSE: Integrated Materials Management decreases coordination across material-related functions.
FALSE
Underlined word: decreases
Correct answer: improves
TRUE OR FALSE: Sourcing refers to choosing reliable suppliers and procuring needed materials.
TRUE
TRUE OR FALSE: Storing involves monitoring inventory levels and following up on material movement.
FALSE
Underlined word: Storing
Correct answer: Controlling
TRUE OR FALSE: Handling refers to the movement, packaging, and transportation of materials.
TRUE
TRUE OR FALSE: The Purchasing function ensures supply of materials with the right quality, quantity, time, and cost.
TRUE
TRUE OR FALSE: In the Purchasing Cycle, invoice checking comes before the delivery of materials.
FALSE
Underlined word: before
Correct answer: after