Examlex
Which of the following describes software that plans and executes business processes involving customer interaction, such as sales, marketing, fulfilment, and customer service?
Smaller Inventories
Holding reduced levels of stocks or goods to lower storage costs and minimize risk of obsolescence.
Large Batch Sizes
The production process strategy that involves manufacturing goods in large quantities to achieve economies of scale but may increase inventory holding costs.
Lead Time
Lead time refers to the period between the initiation and completion of a process, such as the time taken from placing an order to delivery or the duration of manufacturing a product.
Reducing Wait Time
Strategies and measures implemented to decrease the amount of time customers or users wait for service or product delivery.
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