Asked by jayden pineda on May 30, 2024
Verified
___________________ is managing the organisation's raw materials, work in process and finished goods. This is essential for effective supply chain management.
A) Inventory management
B) Capacity
C) Supply chain management
D) Product control
E) Product-service mix
Inventory Management
The practice of overseeing and controlling the ordering, storage, and use of components that a company uses in the production of the items it sells.
Supply Chain Management
The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.
Work In Process
Inventory or products that are in the production process but are not yet completed, representing a stage between raw materials and finished goods.
- Ascertain the crucial role and contribution of supply chain management to operational success.
Verified Answer
Learning Objectives
- Ascertain the crucial role and contribution of supply chain management to operational success.
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