One Function of Warehouses or Distribution Centers Is "Consolidation

question 20

Multiple Choice

One function of warehouses or distribution centers is "consolidation." This means that the warehouse/distribution center is used to:

• A)Group small inbound loads into larger outbound loads.
• B)Collect products/packaging materials that are sent back for disassembly, reclamation, or disposal.
• C)Hold inventory to buffer the system from variability in either in supply or demand.
• D)Hold inventory needed because of seasonal requirements.

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Definitions:

Classical Economics

A school of thought in economics that emphasizes the importance of free markets, competition, and self-regulation of markets based on the supply and demand principle.

Inputs

Inputs refer to the resources, materials, labor, and information that are required to produce goods or services in any process or system.

Resources

Resources refer to materials, money, staff, and other assets that can be used by an organization or individual to achieve specific goals or conduct operations.

Sustained Competitive Advantage

The long-term ability of a company to remain more competitive than its rivals by maintaining unique value propositions.