Services Cannot Be Stored or Inventoried

question 66

Essay

Services cannot be stored or inventoried.Attempts to regulate the "services" on the supply side-to increase the service providers when needed-include such strategies as part-time workers.What are some other ways a firm can "shift" supply for its services

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Definitions:

Environmentally Preferable Purchasing (EPP) Program

A procurement policy that emphasizes buying products and services with a reduced environmental impact.

Federal Procurement

Federal procurement involves the process by which government departments or agencies purchase goods, services, and works from the private sector.

Offshore Sourcing

The procurement of goods or services from suppliers located in countries other than the buyer's, often for cost saving purposes.

Global Supplier

A supplier that provides goods or services to companies in multiple countries, often involved in international trade.