Why should on-time performance be considered in supplier selection decisions?
What will be an ideal response?
Answer: On-time performance affects the variability of the lead time. A reliable supplier has low variability of lead time, whereas an unreliable supplier has high variability. As the variability of lead time grows, the required safety inventory at the firm grows very rapidly. On-time performance can be translated into lead time variability, which is converted to required safety inventory. A firm can evaluate the impact of poor on-time performance by a supplier on the cost of holding safety inventory.
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Managers should encourage members of a group to develop ______ that contribute to group performance and attainment of group goals.
-deviance -norms -friendships -leadership
An income statement reports
A. revenues, expenses, assets, and liabilities during an accounting period. B. resources, liabilities, and stockholders' equity of a business at a point in time. C. net income of a business at a point in time. D. net income of a business for a period of time. E. sources and uses of cash during a period.