465341
| Question | Answer |
| Strategic Sourcing | The dev't and mgmt of supplier relationships to acquire goods and services in a way that aids in achieving the needs of a business. |
| Vendor Managed Inventory | When a customer allows the supplier to manage the inventory policy of an item or group of items. |
| Bullwhip Effect | The variability in demand is magnified as we move from customer to producer in the supply chain. |
| Functional Products | Staples that people buy in a wide range of retail outlets, such as grocery stores and gas stations. |
| Innovative Products | Products such as fashionable clothes and personal computers that typically have a life cycle of just a few months. |
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