Examlex
With inheritance, the derived class, sometimes referred to as the child class, inherits all of the properties and methods of the parent class.
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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