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An eight-year-old shows irony and sarcasm in his speech by saying "That's just great, I'm a regular Michael Jordan!" after he misses a free throw in a basketball game; this suggests that his ____ has improved.
Vendor-managed Inventory
A supply chain strategy where the supplier assumes responsibility for managing inventory levels at the customer's premises.
Distribution Center
A warehouse or storage facility where products are stored and from which they are distributed to retailers or customers.
Stock
Shares representing ownership in a company or commodities or goods held in inventory by a business.
Just-in-time (JIT)
An inventory management strategy that arranges the receipt of resources and materials right at the moment they are needed, reducing storage costs.
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