When Computers Talk Over the Internet, the Language They Speak

question 50

Short Answer

When computers talk over the Internet, the language they speak is the ________________________________________

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Definitions:

Safety Inventories

Additional quantities of stock kept on hand to prevent out-of-stock situations due to uncertainties in supply or demand.

Annual Holding Cost

The total expenses associated with storing unsold goods or materials for one year, including warehousing, depreciation, insurance, and opportunity costs.

UPS

United Parcel Service, a global package delivery and supply chain management company known for its shipping, freight, and logistics services.

FedEx

An international courier company from America, celebrated for its expedited shipping service and for introducing a tracking system that allows for live updates of a parcel's location.