What Is a Supply Chain Planning System

question 99

Multiple Choice

What is a supply chain planning system?

• A)views all areas up and down the supply chain in real time
• B)uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain while reducing inventory
• C)ensures supply chain cohesion by automating the different activities of the supply chain
• D)occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain

Interpret the difference between purchase and rental prices of capital in terms of marginal product.

Understand the concept of marginal productivity and its importance in determining firm labor demand.

Analyze the influence of changes in market conditions (such as wages and product prices) on firm's profit-maximizing employment level.

Grasp the impact of technology on production efficiency and labor demand.

---

Definitions:

Peripheral Device

A device such as a monitor, printer, or keyboard that connects to the system unit through a data port.

Expansion Bus

A collection of wires and protocols that allows for the expansion of a computer by adding plug-in cards, external devices, or other components.

SSD Bay

A specifically designed compartment within a computer or server for housing a solid-state drive, which uses integrated circuit assemblies as memory.

Nonvolatile Storage

A type of storage that retains data even when the device is powered off, such as SSDs or flash drives.