Which of the Following Explains 'Supply

question 46

Multiple Choice

Which of the following explains 'supply'? 

• A) Includes at least purchasing, materials management, incoming inspection and receiving. Supply is used when relating to buying based upon total cost of ownership in a manufacturing environment. 
• B) Purchasing 
• C) Includes at least incoming inspection and receiving. 
• D) Includes at least purchasing and materials management.

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Definitions:

Waste

Materials or substances that are no longer useful for production and are discarded.

Adds Value

The process of enhancing a product or service before offering it to customers, thereby increasing its value and appeal.

Consumer's Perspective

The viewpoint or attitude of consumers towards a product, service, or brand based on their experiences and expectations.

Scheduler

A system or tool that organizes and allocates resources or tasks over time, managing the timing of activities or operations.