What Is Materials Management

question 184

Multiple Choice

What is materials management?

• A)purchase goods and services to meet the needs of the supply chain
• B)includes the processes that control the distribution, maintenance, and replacement of materials and personnel to support the supply chain
• C)includes activities that govern the flow of tangible, physical materials through the supply chain such as shipping, transport, distribution, and warehousing
• D)occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain

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Definitions:

Norton's Theorem

An electrical theorem that simplifies complex circuits into equivalent circuits made of a single current source and parallel resistance.

Parallel Resistance

The overall resistance of resistors connected in parallel, calculated in a way that the total resistance is always less than the smallest individual resistor's resistance in the circuit.

Superposition Theorem

A principle that allows for the analysis of circuits with multiple sources by considering the effect of each source separately and then summing the results.

Closed Loop

A closed loop refers to a control system where the output influences the input through feedback to maintain desired operation characteristics.