The Practice of Organizing the Cost-Effective Flow of Raw Materials

question 67

Multiple Choice

The practice of organizing the cost-effective flow of raw materials, in-process inventory, finished goods, and related information from point of origin to point of consumption to satisfy customer requirements is referred to as

• A) the inventory management process.
• B) logistics management.
• C) production management.
• D) manufacturer distribution logistics.
• E) supply-chain management.

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Definitions:

Job Responsibilities

The specific tasks, duties, and functions an employee is expected to perform in their role within an organization.

Geographic Area

A specified region or space defined for purposes of geography, demography, or jurisdiction.

Occupational Group

A category of jobs that involve similar tasks, require similar skills, and are often found within the same industry or sector.

Annual Increase

Annual increase often refers to the yearly raise in salary or wages given to employees based on performance, seniority, or inflation adjustments.