Briefly describe encryption, as shown in the accompanying figure, and tell why a school might need to use it.
Definitions:
Inventory Velocity
Inventory velocity refers to the speed at which inventory is sold or turned over in a given period, indicating the efficiency of inventory management and effectiveness in meeting market demand.
Supply Chain
A system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.
Downstream
In a supply chain, refers to processes or activities that occur after a particular point, often closer to the end customer.
Pull Model
A supply chain model where the initiation of production and movement of goods is based on customer demand rather than anticipating it.
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