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Match the Following: -Need for Power

question 107

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Match the following:
-Need for Power


Definitions:

Managing Inventory

The process of overseeing and controlling the ordering, storage, and use of components that a company will use in the production of the items it will sell, as well as the management of finished products that are ready for sale.

Common Components

Elements, parts, or materials that are frequently used or shared across different products or services.

Supply Chain Influence

Supply chain influence involves the capacity of a company or entity to affect decisions, activities, and efficiencies within the supply chain, including the practices of suppliers, manufacturers, and distributors.

Demand

The quantity of a good or service that consumers are willing and able to buy at a given price over a certain period of time.

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