An Inventory Management Technique Designed to Minimize the Total of Holding

question 135

Short Answer

An inventory management technique designed to minimize the total of holding and ordering costs for inventory items is known as ___________________________________.

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Definitions:

DRI

Differential Reinforcement of Incompatible behavior, a technique used to reduce unwanted behavior by reinforcing a behavior that is incompatible with it.

DRA

Differential Reinforcement of Alternative behavior, a strategy focusing on reinforcing a desirable behavior to replace an undesirable one.

Locational Determinant

Factors that influence the decision-making process regarding the placement of operations, facilities, or resources in specific geographic areas.

Supplier Networks

The interconnected group of suppliers from which a company acquires goods or services, crucial for the efficiency and quality of the end product.