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MNP2602 ASSIGNMENT 06 ANSWERS/ SOLUTIONS DUE 27 OCT 2023
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MNP2602- SUPPLY CHAIN MANAGEMENT ASSIGNMENT 06-2023Question 1
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The inventory turnover ratio can be calculated by the ratio of ...
a.
average inventory cost over inventory days in stock.
b.
average inventory cost over cost of goods sold.
c.
cost of goods sold over average inventory cost.
d.
inventory days in stock over average inventory cost.
Question 2
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A first-tier customer would refer to the …
a.
organisation’s direct customer.
b.
primary set of suppliers.
c.
vendor to a first-tier supplier.
d.
customer’s customer.
Question 3
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Which one of the following is one of the most basic activities of customer relationship
management (CRM)?
a.
Cross-selling
b.
Increasing churn
c.
Sales activity
d.
Segmenting customers
Question 4
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Woolworths, a South African clothing and food retailer, developed long-term relationships with
key suppliers and in return, these suppliers established inventory hubs near Woolworths’
distribution centres. To which key ingredient for developing successful partnerships does this
win-win situation refer to?
a.
Commitment and top management support
b.
Change management
c.
Continuous improvement
d.
Mutual benefits and needs
Question 5
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