A Company Having Difficulty with Timely Delivery of Parts to Its

question 95

Multiple Choice

A company having difficulty with timely delivery of parts to its manufacturing plants should implement a supply chain ________ system.

• A)execution
• B)planning
• C)optimization
• D)management
• E)touch point

---

Definitions:

Lot-For-Lot

A lot-sizing technique that generates exactly what is required to meet the plan.

Set Up Cost

Expenses associated with preparing equipment or facilities for a task, such as a production run or a new process.

Holding Cost

The expenses associated with storing inventory, including warehousing, insurance, depreciation, and opportunity costs.

Strategic Advantage

A favorable position a company holds against its competitors, often resulting from implementing effective strategies.