A Holistic Approach Integrates All of the Following Factors Except

question 3

Multiple Choice

A holistic approach integrates all of the following factors except ______.

• A) environmental
• B) human
• C) technological
• D) physical

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Definitions:

Backup Sourcing

Is the strategy of establishing alternative suppliers to ensure the continuity of supply in case of primary supplier failures.

Margin Lost

The reduction in potential earnings or profit due to inefficiencies, increased costs, or missed opportunities.

Stockout

A situation where inventory is exhausted, and a product is unavailable for sale or delivery, potentially leading to lost sales and customer dissatisfaction.

Cost of Understocking

The financial loss or missed opportunity cost incurred when inventory levels are too low to meet demand.