The Goal in Managing Supply Chains Is Matching Supply to Demand

question 80

True/False

The goal in managing supply chains is matching supply to demand to minimize costs.

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Definitions:

Legal Contract

A legally binding agreement between two or more parties that is enforceable by law.

Operations Management System

A framework or methodology designed to plan, control, and improve the processes that produce goods or services.

Elements

Fundamental components or parts that combine to form a whole, often referring to substances that cannot be broken down into simpler forms by chemical means.

Feedback Quality Control

Inspecting and testing products after they are produced.