Describe the Four Generic Performance Dimensions of Operations and Supply

question 59

Essay

Describe the four generic performance dimensions of operations and supply chain activities.

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Definitions:

Supplies Expense

Costs associated with consumable items used during the operation of a business, such as office supplies or manufacturing materials.

Inventory

Materials and goods a business holds for the ultimate goal of resale or processing in the manufacturing process.

Purchase

Acquiring goods or services in exchange for money or other compensation.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made for accruals, deferrals, and estimated items.