Which of the following statements regarding the Core Acquisition Study of Automobile Parts Industry is correct?
1)The industry uses advanced forecasting techniques
2)The industry does no heavily employ statistical or mathematical techniques for planning and control
3)The majority of the cores purchased from 3rd party brokers have a quality guarantee
4)Product trade-ins are the main source for cores
A) (1)
B) (2) and (4)
C) (2), (3), and (4)
D) (3)

Question

Quizplus · Accepted Answer

The automobile parts industry heavily relies on product trade-ins as the primary source for cores, and it does not extensively use statistical or mathematical techniques for planning and control, indicating a traditional approach towards inventory and supply chain management.

Which of the Following Statements Regarding the Core Acquisition Study