The Purpose of the Data Administration Staff Is to Protect

question 26

True/False

The purpose of the data administration staff is to protect data and information assets by establishing data standards and data management practices and policies.

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Definitions:

Cycle Service Level

A measure of a company's ability to deliver products to customers within the committed time frame, often used as an indication of inventory management effectiveness.

Fill Rate

The percentage of customer demand that is met without backorders or stockouts, reflecting a company's ability to satisfy orders with available inventory.

Customer Fill Rate

A measure of the ability of a supply chain to deliver the requested product in the quantity and time agreed upon by the customer.

Safety Inventory

Additional stock that is kept in inventory to protect against uncertainties in demand or supply.