_____Includes the Planning, Executing, and Controlling of All Activities Involved

question 4

Multiple Choice

_____includes the planning, executing, and controlling of all activities involved in raw material sourcing and procurement, converting raw materials to finished products, and the warehousing and delivering finished product to customers.

• A) Maintenance, repair and operations (MRO)
• B) Materials requirement planning (MRP)
• C) Customer relationship management (CRM)
• D) Supply chain management (SCM)

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Definitions:

Incremental Change

A gradual, step-by-step approach to modifying processes, products, or services, often as part of a strategy to manage risk or introduce innovation.

Transformational Change

A profound or radical shift that fundamentally alters the nature or direction of an entity.

Modest Change

A minor adjustment or slight modification to a process, system, or product.

Gradual Change

Incremental alterations, modifications, or developments occurring slowly over a period of time.