Examlex
______ occurs when a principal voluntarily decides to honor an agreement,which otherwise would not be binding due to an agent's lack of authority.
Inventory
The products and resources kept by a company with the primary purpose of being sold, used in manufacturing, or consumed.
Supply Chain Decision-Making
The process of strategizing, planning, and executing actions across the supply chain to optimize operations and performance.
Competitive Strategy
A method businesses use to achieve a competitive advantage by planning how to outperform their rivals.
Cycle Inventory
The average amount of inventory used to satisfy demand between orders, part of the total inventory that cycles through the supply chain.
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