In the Context of an Internet-Enabled Supply Chain Management (SCM)system,activities

question 27

Multiple Choice

In the context of an Internet-enabled supply chain management (SCM) system,activities providing real-time stock information and replenishing stock quickly are part of _____.

• A)customer service
• B)production schedule
• C)procurement
• D)inventory management

---

Definitions:

Master Budget

An integrated financial plan that includes all of the individual budgets related to sales, cost of goods sold, operations, inventory, and financing.

Credit Sales

Sales made by a business that are not paid for at the time of purchase but are charged to the customer's account to be paid for at a later date.

Production Budget

A production budget estimates the number of units that must be produced during a specific period to meet sales and inventory needs.

Ending Inventory

The total value of all unsold goods that a company has in its possession at the end of a reporting period, important for calculating cost of goods sold.