In Purchasing and supply management it is emphasised that inventory $($stock$)$ should be managed and controlled to ensure best service at the lowest possible costs. There are a number of systems that could be used to achieve this goal one of which is effective as it is actually not an inventory system comparing to the other systems

Group of answer choices

Cyclical Ordering system

Efficient consumer system

$23.$The selection of the right supplier is crucial for providing quality products and services. The selection process consists usually of four steps. When is it appropriate to consider past performance of a supplier?

$*$a$.$ Final choice of a supplier

b$.$ Compilation of a list of suppliers

c$.$ Compiling a short list

d$.$ Evaluation of suppliers

$24.$The selection of the right supplier is crucial for providing quality products and services. The selection process consists usually of four steps. When is it appropriate to consider past performance of a supplier?

$*$a$.$ Final choice of a supplier

b$.$ Compilation of a list of suppliers

c$.$ Compiling a short list

d$.$ Evaluation of suppliers

Just$-$in$-$time system

Quick response system