3- A sourcing strategy for items in the non-critical quadrant will be to simplify the acquisition process. a-True b-False 4- is the process of making sure you're getting the best deal on supplies and services and also includes optimizing your internal methods. a-Supply chain management b-Strategic sourcing c-Total value management d-Total quality management

3- A sourcing strategy for items in the non-critical quadrant will be to simplify the acquisition process. a-True b-False 4- is the process of making sure you're getting the best deal on supplies and services and also includes optimizing your internal methods. a-Supply chain management b-Strategic sourcing c-Total value management d-Total quality management

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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1. A hotel tries to reduce the perishability of its services by selling last minute inventory at a highly discounted price. This technique presents threats to a company’s: A. Brand image B: Variability of services C: Relationships with suppliers D: Human resources turnover 2. Sometimes, hotel and airline companies upgrade guests to higher-end services. For such services, there are not a lot of word-of-mouth, reviews, or pictures available. For example, a hotel may upgrade a guest who paid for a regular room to a suite in order for the guest to experience an upscale product that the customer does not purchase often, but may purchase in the future. This situation, where a guest may experience an unfamiliar upscale service for the first time, is likely to result in a __________ in the __________ of services. A: increase, intangibility B: reduction, intangibility C: reduction, variability D: increase, variability 3. In hospitality and travel industries, customers and frontline…
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