A Business Impact Analysis Estimates the Consequences of Disruption of a Business

question 22

True/False

A business impact analysis estimates the consequences of disruption of a business function and collects data to develop recovery strategies.

Identify the main inputs of a material requirements planning (MRP) system.

Recognize the factors influencing the carrying cost of inventory as a percentage of total cost.

Understand how to balance various costs to decide on the optimal purchase quantity and timing.

Comprehend the role of different types of inventories in the supply chain management.

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Definitions:

Sustaining Change

The process of maintaining and solidifying changes made within an organization over the long term.

Unfreezing Process

is the initial stage in the change management process, where existing beliefs, values, or processes are challenged to prepare an organization or individual for change.

Current Modes

Refers to the present methods, trends, or practices in a particular area or industry.

Achieving Goals

The process of identifying objectives and the actions required to attain them, typically involving setting specific, measurable, achievable, relevant, and time-bound (SMART) goals.