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Critical Thinking Questions Case 10-2
You are working for a new real estate agency that is trying to make a name for itself in a community with several agencies in the area already. You are helping to create a new large-scale advertisement that the agency is going to send to select areas around the city, and your boss would like you to explain BorderArt to him. He has never used it before.
When your boss asks you what BorderArt is and you tell him ____.
Value Chain Optimization
A strategic process aimed at improving efficiency and competitive advantage by analyzing and optimizing each step involved in producing a product or service.
Enterprise Resource Planning (ERP) Systems
Integrated software platforms that manage a company's core business processes, such as finance, supply chain, operations, reporting, manufacturing, and human resource activities.
Electronic Data Interchange (EDI) Systems
A set of computer systems that allow the electronic transfer of business documents, such as orders and invoices, between organizations.
Just-In-Time (JIT) Inventory Systems
A supply chain management strategy that aims to reduce inventory costs by receiving goods only as they are needed in the production process.
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