A vendor has quoted a lead time of 10 weeks for the delivery of a part. Your purchasing manager says the part can be delivered in 3 weeks if necessary. Of course, the vendor disagrees. Who is correct? Explain.
Answer to relevant QuestionsWhat are the key decisions made by purchasing and logistics managers? Explain how a distinctive competence in operations can be the basis for competition in the company It has been said that MRP is an information system that does not rely on sophisticated mathematical models. Discuss the historical significance of this statement. Under what circumstances is a shop-floor control system needed? A lamp consists of a frame assembly and a shade, as shown below in the sketch and the bill of materials. The frame is made from a neck, a socket, and a base, which are assembled together from purchased parts. A shade is ...
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