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Supply Chain Planning Refers to the Development of the Supply

question 89

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Supply chain planning refers to the development of the supply chain structure and the accumulation of the necessary information needed to make effective supply chain decisions.

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Definitions:

Cash Collections

The process of gathering monies that are owed to a business by its customers or clients.

Beginning Inventory

The value of goods available for sale at the start of an accounting period, prior to any purchases or production during the period.

Ending Inventory

The value of goods available for sale at the end of an accounting period after goods sold are subtracted.

August Sales

The total sales revenue generated by a business during the month of August.

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