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Supply Chain Management

Category - Strategy Alignment

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During the ______ the manufacturer orders components from supplier that replenish the component inventories.

Production cycle
Procurement cycle
Supplier cycle
None of the above.

Explanation

Answer: B - The procurement cycle occurs at the manufacturer/ supplier interface and includes all processes necessary to ensure that materials are available from manufacturing so that everything will happen on schedule. During the procurement cycle the manufacturer orders components from a supplier to replenish the component inventories.

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Supply Chain Management

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Supply Chain Management

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