$1$ W$06$ Question Exam: JIT$-$Lean Production and Supply Management

ean Production and Supply

Remaining Time: $00\mathrm{.}52\mathrm{.}56$

Match the following terms to the correct definition

A framework that shows how supply chain participants engage in the same basic process biocks of plan, source, make, deliver and return.

On the demand side it is the highest price a tuyer is wiling to pay. On the supply side it is the lowest price a seller is willing to accept.

A tool to help companies evaluate supplier performance, offen reviewing each supplie's delivery pertormance, quality, casts, and sustainability practices.

The process of giving financial and technical assistance to existing and potental suppliers to mprove or expand their capabillies.

The sum of all the costs assocated with every activity of the supply stream. This minny include things like maintenance, repair, upgrades, training. and so forth.

Reservation Value

Supplier Scorecard

TCO $($Total Cost of Ownership$)$

$4$ Supplier Development

$5$ SCOR Model

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