Describe the differences among transportation, warehousing, and inventory control in the materials management process
What will be an ideal response?
Answer: Transportation is the means of moving resources to the producer and finished goods to customers. Warehousing is the storage of both incoming materials for production and finished goods for distribution to customers. Inventory control includes the receiving, storing, handling, and counting of all raw materials, partly finished goods, and finished goods. It ensures that enough materials inventories are available to meet production schedules, while at the same time avoiding expensive excess inventories.
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A sample unit could be a:
a) household. b) consumer. c) purchasing agent. d) All of the above
Which of the following is true about the Uniform Computer Information Transactions Act?
A) It establishes a uniform set of rules that governs the creation, performance, and enforcement of computer information transactions. B) State trade secret law could not apply to a contract covered by the Act. C) The Act is the exclusive source of law for the transactions that it applies to. D) It became law in all 50 states in 1999.