What Helps Organisations Reduce Inventory Investments,while Improving Customer Satisfaction

question 51

Multiple Choice

What helps organisations reduce inventory investments,while improving customer satisfaction?

• A)Supply chain event management
• B)Selling chain management
• C)Collaborative engineering
• D)Collaborative demand planning

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Definitions:

Fixed Cost

A fixed cost is an expense that does not change with the level of goods or services produced by a business, such as lease payments or insurance premiums.

Sunk Cost

A sunk cost is a past expense that has already been incurred and cannot be recovered. Businesses cannot alter these costs with future decisions.

Uncontrollable Cost

Expenses that cannot be changed or influenced by the actions of a particular department or manager.

Incremental Cost

The additional cost associated with producing one more unit of a product or service.