Describe the Future Trends in Supply Chain Management Systems

question 57

Essay

Describe the future trends in supply chain management systems.

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Definitions:

Outside Supplier

An entity or company that provides goods or services to another company from outside the purchasing company's internal structure.

Variable Costs

Costs that change in proportion to the level of goods or services produced by a business.

Net Operating Income

The total profit derived from a company's normal business operations after subtracting operating expenses but before taxes and interest.

Traceable Fixed Costs

Fixed costs that can be directly associated with a specific business segment, product, or department.