In the Context of Internet-Enabled Supply Chain Management (SCM), Which

question 116

Multiple Choice

In the context of Internet-enabled supply chain management (SCM) , which of the following SCM activities involves providing real-time stock information and replenishing stock efficiently?

• A)Customer service
• B)Advertising scheduling
• C)Purchasing\procurement
• D)Inventory management

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Definitions:

Exit

In economic terms, the process of withdrawing from a market, ceasing operations, or ending an investment.

Committed Cost

Expenses that a company has already made or obliged itself to make in the future, often fixed and not easily changed.

Minimizing Loss

The strategy or process of taking actions to reduce the amount of money or resources being wasted or lost, especially in business or economic activities.

Efficient Scale

The level of production that minimizes the average total cost of producing a product or service.