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NEW QUESTION: 1
The proactive compilation of requirements including customers and information regarding demand such as, sales and marketing and the organizations capabilities from the supply side as well as the development of a consensus regarding the ability to match the requirements and capabilities impose for the supply chain are referred to as the?
A. Inventory or asset management
B. Make versus buy analysis
C. Demand management
D. Specification rationalization
Answer: C
Explanation:
The proactive compilation of requirements including customers and information regarding demand such as, sales and marketing and the organizations capabilities from the supply side as well as the development of a consensus regarding the ability to match the requirements and capabilities impose for the supply chain are referred to as the demand management. Specification management improves value through continued analysis of the cost components and substituting products with more cost effective elements while examining lifecycle cost. Determining which products and services and organization should manufacture or provide in-house as opposed to purchasing them from outside sources is most related to make versus buy analysis part of supplier collaboration process. Inventory or asset management part of the supplier collaboration process seeks to integrate the supply chain and empower suppliers to manage replenishment.

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