The UN Classification Has Been Criticized Because It No Longer

question 110

True/False

The UN classification has been criticized because it no longer seems relevant in the rapidly industrializing world.

---

Definitions:

Aggregated Inventories

The combined total of all types of inventory within an organization or across a supply chain.

Finished-Goods Inventories

Stock of completed products ready for sale or shipment to customers, held by a company at any given time.

Annual Holding Cost

The total expenses associated with storing inventory over the course of a year, including warehousing, insurance, spoilage, and obsolescence.

FedEx

A multinational delivery services company known for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location.