24) ________ results in the suppliers being responsible for managing inventories and keeping
inventory costs low.
A) Vendor-managed inventory
B) Supplier-generated inventory
C) Service level inventory
D) Production inventory
E) Economic order inventory
25) What is the first step for supplier development?
A) Identify critical suppliers.
B) Identify key projects.
C) Define details of agreement.
D) Identify critical products and services.
E) Meet with supplier top management.
26) Which of the following steps for supplier development occurs when there is an agreement
about how the supplier needs to improve and where?
A) Identify key projects.
B) Monitor status and modify strategies.
C) Define details of agreement.
D) Form cross-functional teams.
E) Identify critical products and services.