What do managers do when they are uncertain about demand, lead time, or the quantity that suppliers can provide?
What will be an ideal response?
If managers are uncertain about demand, lead time, or the quantity that suppliers can provide they will hold safety stock.
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Maria's Distributing Inc sells 20 fax machines to Bill's Electronics Ltd. for $2,000 to be paid in 30 days. No other terms are agreed to. The fax machines are delivered to Bill's the next day
Forty-five days later, Bill's puts up a going out of business sign and advertises these fax machines at $50 each. Bill's has not made one payment to Maria's. Which of the following is true? A) Maria's Distributing Inc. is the owner of the fax machines. B) Bill's Electronics Ltd. is the owner of the fax machines C) Because Bill has not paid, Maria's Distributing Inc. can repossess the fax machines. D) Both A and C. E) Both B and C
Define diversity and then review the three challenges it presents for organizations and managers
What will be an ideal response?