Customer Order Entry Is

question 49

Multiple Choice

Customer order entry is

• A) the point in time when the customer has access to choices and makes a decision regarding a purchase.
• B) the customer informing the retailer of what they want to purchase and the retailer allocating product to the customer.
• C) the process where product is prepared and sent to the customer.
• D) the process where the customer receives the product and takes ownership.
• E) none of the above

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Definitions:

Throughput

The quantity of goods and materials passing through a system or process in a given period, often used to measure the efficiency of production processes.

Inventory Rate

The speed at which inventory is sold or used over a particular period, often indicating the efficiency of inventory management.

Review Interval

The scheduled period between evaluations of a process, system, or performance, allowing for adjustments and improvements.

Safety Inventory Levels

Quantities of stock kept on hand to protect against variability in demand or supply, ensuring product availability.