________ Describes Using One Supplier for a Component and a Second

question 50

Short Answer

________ describes using one supplier for a component and a second supplier for another component, where each supplier acts as a backup for the other.

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Definitions:

Inventory Planning

The process of determining the optimal quantity and timing of inventory for the purpose of aligning it with sales and production capacity.

Supply Chain Management

Connecting and integrating all parties or members of the distribution system in order to satisfy customers.