Discuss Increased Mobility as It Relates to the Advantages and Disadvantages

question 33

Essay

Discuss increased mobility as it relates to the advantages and disadvantages of a cloud-based enterprise system.

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Definitions:

Replenishment Cycle

The process of restocking products or materials in a supply chain, from ordering to receipt and back to order again.

Lead Time

Lead time is the duration between the initiation and completion of a process, often used in reference to the time taken from ordering to receiving goods.

ROP

Refers to Reorder Point, a inventory management technique indicating the minimum level before a new order must be placed.

Continuous Review Policies

Inventory management strategies that monitor inventory levels continuously to decide when to reorder.