What Includes the Processes That Control the Distribution, Maintenance, and Replacement

question 101

Multiple Choice

What includes the processes that control the distribution, maintenance, and replacement of materials and personnel to support the supply chain?

• A) Procurement
• B) Logistics
• C) Materials management
• D) Bullwhip effect

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Definitions:

Budget

An estimate of income and expenditure for a set period of time, often used by businesses and governments to plan financial activities and resource allocations.

Strategy

A high-level plan or set of actions designed to achieve long-term objectives or overall goals in a competitive context.

First-Mover Advantage

The competitive advantage gained by a company that first introduces a product or service to the market, often leading to high brand recognition and customer loyalty.

Prospector

A strategy or role in business or management characterized by a focus on innovation, risk-taking, and the exploration of new markets or opportunities.