_____ Is a Method of Developing and Maintaining an Adequate

question 93

Multiple Choice

_____ is a method of developing and maintaining an adequate assortment of materials or products to meet a manufacturer's or a customer's demand.

• A) The materials-handling system
• B) An inventory control system
• C) Direct sourcing
• D) Contract logistics
• E) Warehousing

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Definitions:

Primary Management Function

The basic responsibilities of managers within an organization which include planning, organizing, leading, and controlling.

Budgets Obsolete

The idea that traditional budgeting processes may no longer be effective or relevant in the current fast-paced and ever-changing business environment.

Program Evaluation

The systematic method for collecting, analyzing, and using information to answer questions about projects, policies, and programs, particularly about their effectiveness and efficiency.

Review Technique

A systematic method used for evaluating, assessing, or analyzing a process, system, or performance, often with the aim of identifying improvements or solutions.