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What does the Excel =SUMPRODUCT(A1:A5,C6;C10) command do?
Materials Requirement Planning
A production planning, scheduling, and inventory control system used to manage manufacturing processes.
Just-In-Time Inventory
An inventory management strategy that aligns raw-material orders with production schedules to minimize inventory costs and reduce waste.
Vendor-Managed Inventory
A supply chain management strategy where the supplier is responsible for maintaining the inventory levels at the buyer's premises.
Vendor-Managed Inventory
A supply chain initiative where the supplier assumes the responsibility of managing inventory levels for the customer.
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