Examlex
Cognitive Development
Economies of Scale
The cost advantage achieved by an increase in production, leading to a decrease in the cost per unit.
Inbound Transportation Costs
Expenses associated with moving goods from suppliers to a company, including freight, shipping, and handling fees.
Milk Runs
A delivery method in which a single vehicle collects goods from several suppliers in a single trip, improving efficiency and reducing transportation costs.
Supplier
A business or individual that provides goods or services to another entity, playing a crucial role in the supply chain.
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