Define the "Tell 'Em" Principle and the "KISS 'Em" Principle

question 42

Essay

Define the "Tell 'Em" principle and the "KISS 'Em" principle.

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Definitions:

Make-Or-Buy Analysis

An evaluation process used in business to determine whether products, parts, or components should be produced in-house or purchased from an external supplier.

Supply-Chain Strategies

Plans and methods developed to manage and improve the flow of goods and materials, information, and finances across the supply chain.

Standardized Data-Transmittal Format

A uniform method or protocol for sending and receiving data between different systems, ensuring compatibility and efficient processing.

Customization

The process of modifying products or services to meet specific customer requirements or preferences.