Define the Following Terms

question 59

Short Answer

Define the following terms
-exploratory research

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Definitions:

Evaluation

The systematic assessment of processes, systems, or organizations to measure performance, effectiveness, or value.

Rating Systems

Mechanisms or scales used to evaluate or grade a certain attribute or performance of entities, products, or services.

Supply Management

The strategic approach to planning, procuring, and managing a company's supplies and vendors to optimize efficiency and minimize costs.

Demand Management

The process of forecasting, planning, and controlling consumer demand to optimize the supply chain's efficiency and effectiveness.