Examlex
Which of the following statements is correct?
Production Cost
The total expense incurred in the manufacturing of a product, including raw materials, labor, and overhead costs.
Postponement
A supply chain strategy that delays the final assembly or customization of a product until the latest possible time to reduce inventory costs and improve customization.
Level of Availability
The extent to which a product or service can be provided to customers when and where it is required.
Inventory Cost
The total cost associated with holding goods in stock, including storage, insurance, taxes, depreciation, and opportunity costs.
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