Developments in Technology and Other Innovations Can Create New Industries

question 169

True/False

Developments in technology and other innovations can create new industries and alter the boundaries of existing industries.

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Definitions:

Bill of Material

An all-encompassing register of foundational materials, pieces, and recipes necessary for erecting, generating, or fixing a product or service.

Lead Time

The time interval from initiating a process to its completion, often critical in manufacturing, supply chain management, and project planning.

Final Assembly

The last step in the manufacturing process where components are put together to complete the finished product.

Planned Order Releases

Scheduled orders for goods and materials based on demand forecasts and inventory management strategies to streamline production and supply chain operations.