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A company develops long range material forecasts, analyzes industry trends, determines commodities for value analysis, and assesses supplier capabilities to assure continual economic supply of goods and services. This company is engaged in
Suggested Answer: C
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Parts that were used for maintenance of equipment sold in the previous year but cannot be used on current equipment are best described as obsolete. Obsolete inventory refers to items that are no longer usable or saleable due to advancements in technology or changes in market demand. These parts should be identified and removed from active inventory to free up space and reduce carrying costs. Reference:
* Heizer, J., Render, B., & Munson, C. (2017). Operations Management: Sustainability and Supply Chain Management. Pearson.
* Chopra, S., & Meindl, P. (2015). Supply Chain Management: Strategy, Planning, and Op-eration. Pearson.
32 comments · newest first
SE
Serita
11 months ago
Inventory control doesn't fit here at all.
HA
Harris
12 months ago
Wait, are they really doing all that? Seems too good to be true.
TW
Twana
12 months ago
Definitely early supplier involvement!
SU
Sue
1 year ago
I think it's more about supply chain mapping.
JA
Jamal
1 year ago
Sounds like market intelligence to me.
OL
Ollie
1 year ago
Inventory control seems off for this question; it’s more about managing stock levels, right?
DO
Dorsey
1 year ago
Early supplier involvement sounds familiar, but I feel like that’s more about collaboration than just analyzing capabilities.
KE
Keneth
1 year ago
I'm not entirely sure, but I remember something about supply chain mapping focusing more on logistics rather than trends.
RE
Rebbeca
1 year ago
I think this might be related to market intelligence since it involves analyzing trends and forecasts.
GL
Gladys
1 year ago
This is right up my alley! The company is doing all the classic supply chain management activities, so the answer has to be B - market intelligence.
LI
Lili
1 year ago
I'm a bit confused by all the details in the question. I'll need to re-read it carefully and think through each answer option to make sure I don't miss anything.
BR
Brittni
1 year ago
Okay, I've got this. The company is clearly engaged in strategic supply chain management, so the answer has to be B - market intelligence.
TR
Trinidad
1 year ago
Hmm, this is a tricky one. The question mentions a lot of different supply chain activities, so I'll need to carefully consider how they all fit together.
BR
Brock
1 year ago
This seems like a straightforward supply chain management question. I'll focus on the key activities described and match them to the answer choices.
FE
Fernanda
2 years ago
If this company's forecasts are as long-range as the material they're procuring, they must be using a crystal ball or a time machine!
CH
Cheryll
1 year ago
D) inventory control
AD
Adell
1 year ago
C) early supplier involvement
KA
Karan
1 year ago
B) market intelligence
SE
Selma
1 year ago
A) supply chain mapping
KA
Kathrine
2 years ago
Haha, inventory control? Really? Option D is just way off the mark. This company is clearly focusing on strategic supply chain management, not just inventory.
BE
Bernardo
2 years ago
This is a tough one, but I think Option A is the best answer. Supply chain mapping is the core activity described in the question.
LI
Lindsey
1 year ago
I think market intelligence could also play a role in analyzing industry trends and forecasting materials.
NI
Nida
2 years ago
I agree, supply chain mapping is crucial for ensuring a steady supply of goods and services.
LO
Loren
2 years ago
I'm leaning towards Option C. Early supplier involvement is crucial for the company to assess supplier capabilities and assure economic supply.
TI
Titus
2 years ago
Option B seems to be the most accurate. The company is gathering market intelligence to ensure a continuous supply of goods and services.
CY
Cyril
1 year ago
Inventory control is essential for managing stock levels and avoiding shortages.
JE
Jesus
1 year ago
Early supplier involvement can help in building strong relationships and securing supply chains.
HE
Helene
2 years ago
Supply chain mapping could also be important in this scenario to optimize the flow of materials.
RA
Rashida
2 years ago
I agree, market intelligence is crucial for ensuring a continuous supply of goods and services.
CH
Cherry
2 years ago
I agree with Candida, it's definitely early supplier involvement.
CA
Candida
2 years ago
I believe it's early supplier involvement because they assess supplier capabilities.
JE
Jesusita
2 years ago
I think the company is engaged in market intelligence.