__________ Is a Method by Which Necessary Parts and Raw

question 69

Multiple Choice

__________ is a method by which necessary parts and raw materials are delivered shortly before they are needed.

• A) Materials requirement planning
• B) Enterprise resource planning
• C) Just-in-time inventory
• D) Sequenced inventory

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Definitions:

Tactical Planning

Short-term, detailed planning that supports strategic planning goals by focusing on achieving specific objectives within a limited time frame.

Strategic Planning

The process of defining the direction and decisions for an organization, including setting goals and determining actions to achieve those goals.

Strategic Planning Process

involves defining a company's strategy or direction and making decisions on allocating its resources to pursue this strategy.

Organization's Mission

A statement that defines the purpose, goals, and values of an organization, clarifying its direction and priorities.