Most Operational Data in Supply Chain Management (SCM) or Customer

question 33

Short Answer

Most operational data in supply chain management (SCM) or customer relationship management (CRM) systems are stored in ________ systems.

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Definitions:

Centrally Planned Economies

Economic systems where the government makes all decisions on the production and consumption of goods and services.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, used in evaluating the trade-offs in economics.

Carbon Dioxide Emissions

The release of CO2 into the atmosphere, primarily from burning fossil fuels, which is a major contributor to climate change.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, often measured as the rate of increase in the gross domestic product (GDP).