What Is the Process of Strategically Managing the Efficient Flow

question 66

Multiple Choice

What is the process of strategically managing the efficient flow and storage of raw materials, inventory, and finished goods from the point of origin to the point of consumption?

• A) inventory control
• B) logistics
• C) just-in-time
• D) sourcing coordination

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Definitions:

Actual Activity

The real, measured amount of work performed or the level of production achieved over a specified period of time.

Customer Service Department

A division within a company that handles inquiries, resolves issues, and maintains relationships with customers.

Variable Costs

Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Fixed Costs

Expenses that do not change in total regardless of the level of production or sales volume.