An Important Feature of Supply Chain Management Is Its Application

question 160

Multiple Choice

An important feature of supply chain management is its application of ________ that allows companies to share and operate systems for order processing,transportation scheduling,and inventory and facility management.

• A)wholesaler cooperatives
• B)mathematical and statistical models
• C)sophisticated information technology
• D)continuous inventory management
• E)standardized distribution protocols

---

Definitions:

Stock Price

The cost of purchasing a share of a company as quoted on the stock market, reflecting the market's valuation of the company at a given time.

General Labor Cost

Refers to the total expenses associated with employing labor, including wages, benefits, and other related costs.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in a specific market over a given period.

Piece-Rate Reward Plan

A compensation system where employees are paid based on the amount of work they complete, encouraging higher productivity.