If a Supply Manager Identifies and Eliminates the Causes of Uncertainty

question 12

True/False

If a supply manager identifies and eliminates the causes of uncertainty and risk in the supply chain,the organization may be able to reduce the level of inventory.

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Definitions:

Unionization

The process of organizing workers into a union, a group that collectively negotiates with employers for wages, hours, and other conditions of employment.

Finance

The administration of substantial sums of money, particularly by large corporations or government bodies.

Manufacturing

The process of producing goods using labor, machines, tools, and chemical or biological processing or formulation.

Mining

The process of extracting minerals, metals, and other geological materials from the earth, typically from an ore body, lode, vein, seam, or placer deposit.