________ Is Defined as Information Containing Patterns, Relationships, and Trends

question 98

Multiple Choice

________ is defined as information containing patterns, relationships, and trends of various forms of data.

• A) Process mining
• B) Business process management
• C) Business intelligence
• D) Spatial intelligence
• E) Pattern recognition

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Definitions:

Material Use Schedule

Material use schedule outlines the timing and quantity of materials to be used in a production process, ensuring efficient resource management and planning.

Safety Stock

Inventory a company holds beyond its expected demand to protect against stockouts due to unpredictable variations in supply and demand.

Kanbans

Signaling systems used within manufacturing and inventory management to regulate the flow of products based on the demand and supply capacity.

JIT

Just-in-time refers to a strategy that aims to improve a business's return on investment by reducing in-process inventory and associated carrying costs.