Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.
<h3>What is procurement?</h3>
Procurement is a branch of supply chain that deals with buying of materials or goods for production purposes.
Procurement give account of all the logistics involved and the materials bought.
Therefore, Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.
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Answer:
False
Explanation:
Six sigma is a tool used by organizations to improve their processes and reduce defects, to improve quality of their products or services.
<u><em>It focuses on reducing variation in the business processes (from manufacturing, sales, delivery, to customer service), to reduce defects and increase the quality of goods and services</em></u><em>.</em> <em>It also generally improves organizational performance and increases profit.</em>
Six sigma does NOT focus on customers feedback to reduce variation and waste.
One of the first technologies to truly revolutionize the business use of information was a stone tablet. FALSE.
Answer: One of the first echnologies to truly revolutionize the business use of information were paper and the printing press.
When these developments came about, they made it easier for communication to be shared between businesses, cities, and the economy. Allowing for paper and the printing press increased communication and made room for new jobs. As they grew and expanded, new people were hired which helped the economy get a boost of new funds.
There is 1000 tickets and you have one so you have 1 in a 1000 chance
Answer: ANSWER: Pure
Explanation: Only pure risks are insurable because they involve only the chance of loss. They are pure in the sense that they do not mix both profits and losses. ... Both speculative risk and pure risk involve the possibility of loss. However, speculative risk also involves the possibility of gain as well - even if there is no loss.
