A(n) ________ System Continuously Links the Activities of Buying, Making

question 33

Multiple Choice

A(n) ________ system continuously links the activities of buying, making, and moving products from suppliers to purchasing firms, as well as integrating order entry systems.

• A) EDI
• B) ERP
• C) CPFR
• D) SCM

Understand the implications of government expenditures and tax receipts on public debt.

Identify the objectives of stabilization policies.

Understand the significance of government spending and taxation changes on economic activity.

Recognize the role of automatic stabilizers in mitigating the effects of economic cycles.

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Definitions:

External Suppliers

Third-party companies or entities that provide products or services to another company as part of the supply chain, outside of the purchasing company's organization.

Many-Suppliers Strategy

A procurement approach where a company sources its materials or products from a large number of suppliers to enhance competition and reduce supply risk.

Quality

The degree to which a set of inherent characteristics fulfills requirements or expectations.

Supply Chain

The entire system of producing and delivering a product or service, from the raw material stage to the end user, encompassing all processes and logistics.