Question 16

An organization purchases material from several countries. These materials are assembled into products and sold in several other countries. This firm's product specifications will MOST likely reference
  • Question 17

    Which of the following refers to the percentage of order requirements met through stock that is present on the shelf?
  • Question 18

    Analysis of inventory turnover is generally considered part of what status assessment ratio?
  • Question 19

    An ERP purchasing module indicates a gross requirement of 100 units for part number A123. There is an open purchase order for 55 units. The item master for this supplier shows an order lot size of 30 units each. In this situation, how many units of this part will the exception report indicate should be ordered7
  • Question 20

    A buyer is reviewing a quote for a shipment of electronic materials from Europe to Africa. The supplier offers a reasonable price for the materials and plans to deliver them using its regular shipping service. The terms are such that the buying company takes possession of the goods once they are loaded onto a boat in Europe.
    Which of the following information should be of GREATEST concern to the buyer?