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Read this article on CFO University's website: The Top 15 Supply Chain Terms that Every CFO Should Know by Jason Lockard. An understanding of the
Read this article on CFO University's website: "The Top 15 Supply Chain Terms that Every CFO Should Know" by Jason Lockard. An understanding of the supply chain and its various components is important as the supply chain directly and indirectly impacts a business' product costs. Proper understanding increases the likelihood of appropriately assigning costs to products, services or general overhead. Appropriate assignment of costs, especially in a job- order costing system, is important to ensure that adequate job-level pricing is set for the business to earn a profit. For your posting this week, respond in full sentences to the following requirements: 1. Identify two supply chain policies from the article which you are least familiar with. For each of the two chosen policies, discuss: a. How does this policy potentially impact the cost of materials? b. How does this policy potentially impact the cost of overhead? 2. Select one of the five modes of transportation identified in the article. Using additional resources, briefly address how this mode may impact the cost of materials or overhead for a business. 3. Wrap up your discussion by describing one key point that you learned or which surprised you from this assignment.Be sure to post at least one APA current edition formatted reference in support of your explanations and conclusions
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