Examlex
Supplier evaluation is not to be confused with ________, which implies resource expenditures to improve to supplier performance over a long period of time.
Manufacturer-Driven Substitution
A process where manufacturers suggest or implement alternative products or components to fulfill customer needs, often due to supply constraints or to offer a better value.
Aggregation Of Demand
Combining multiple demands for goods or services to gain efficiencies or insights, often used in forecasting or capacity planning.
Inventory Requirements
The specific amount of stock needed to meet customer demand while minimizing holding costs.
Continuous Review
An inventory management approach where stock levels are constantly monitored and replenished in real-time, often automated.
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