Asked by Shenette Arnwine-Smart on May 30, 2024
Verified
________ is a business strategy in which a company purchases its ________ suppliers to ensure that its essential supplies are available as soon as the company needs them.
A) Vertical integration; downstream
B) Vertical integration; upstream
C) VMI; downstream
D) VMI; upstream
Upstream Suppliers
Companies or individuals who provide raw materials, components, or services to other organizations for the production of goods or services.
Essential Supplies
Basic materials or items necessary for the functioning of a system, organization, or process.
- Comprehend the strategic approaches towards supply chain and inventory control, such as vertical integration and Just-In-Time (JIT) methodologies.
Verified Answer
GS
Gabriel SolarJun 06, 2024
Final Answer :
B
Explanation :
Vertical integration; upstream is the correct answer because it refers to a company acquiring its suppliers to control its supply chain, ensuring that inputs for its products are readily available.
Learning Objectives
- Comprehend the strategic approaches towards supply chain and inventory control, such as vertical integration and Just-In-Time (JIT) methodologies.
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