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Match Each Description with the Item Below

question 15

Multiple Choice

Match each description with the item below.
-John
C. Calhoun


Definitions:

Expediting

The process of speeding up the production or delivery of goods to meet deadlines or emergency needs.

Ordering Costs

The expenses incurred from the procurement process, which may include supplier selection, purchase orders, and handling charges, aiming to manage supply chain efficiencies.

Carrying Costs

Expenses associated with holding inventory, including storage, insurance, and taxes.

Inventory Policy

Guidelines that govern how inventory is controlled and managed, including methods for ordering, storing, and using inventory.

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