All of the following are examples of how supply management should monitor and anticipate activity in its supply market except _____.
A)ensuring that cost accounting keeps track of historical prices paid
B)forecasting long-term supply and prices for its basic commodities
C)monitoring technological innovations that impact its primary materials or make substitute materials economically attractive
D)evaluating not only its existing suppliers but also other potential suppliers
E)providing timely visibility to new-product requirements

Question

Quizplus · Accepted Answer

Ensuring that cost accounting keeps track of historical prices paid is a reactive approach to monitoring activity in the supply market as it only looks at past prices and does not anticipate future changes or developments. The other options (B, C, D, and E) all involve proactive approaches to monitoring and anticipating activity in the supply market.

All of the Following Are Examples of How Supply Management