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Match Each Term with Its Description

question 26

Multiple Choice

Match each term with its description.
-converted from pyruvic acid if no oxygen is present


Definitions:

Ordering Cost

The expenses associated with placing and receiving orders for materials, including costs related to paperwork, communication, and transportation.

Inventory

The stock of goods, materials, parts, and products that a business holds to fulfill future sales or production needs.

DRP System

A DRP System, or Distribution Requirements Planning, is a software used in inventory management and logistics planning, focusing on improving the distribution and fulfillment of goods.

Inbound Materials

Raw materials or goods that are being received by a facility from suppliers for the purpose of production or resale.

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