Please answer all parts of Question 1

QUESTION 1A

Evaluated receipt settlement

	a.	Enables vendors to manage their customers inventory through direct access to their systems
	b.	Enables payments to be made directly to a suppliers bank account
	c.	Enables data to be transferred from one computer or information system to another by transmitting an electronic file
	d.	Enables payments to be made without an invoice being submitted

QUESTION 1B

Vendor Managed Inventory

a.

Enables data to be transferred from one computer or information system to another by transmitting an electronic file

b.

Enables payments to be made directly to a suppliers bank account

c.

Enables payments to be made without an invoice being submitted

Enables vendors to manage their customers inventory through direct access to their systems

QUESTION 1C

The main objectives of materials requirements planning systems and just in time inventory systems are to

	a.	Reduce required inventory levels to reduce costs without creating stockouts and/or excess inventory
	b.	Reduce required inventory levels irrespective of costs without creating stockouts and/or excess inventory
	c.	Eliminating inventory altogether in order to reduce costs
	d.	Reduce required inventory levels to reduce costs without concern for creating stockouts