What System Has a Drawback That Leaves a Firm Without

question 20

Multiple Choice

What system has a drawback that leaves a firm without a buffer stock of inventory?

• A)Total-quality management
• B)Just-in-time
• C)Management by objectives
• D)Reengineering system

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Definitions:

Transportation Management

The planning, execution, and oversight of moving goods and services from origin to destination efficiently and effectively.

Value Chain Optimization

The process of increasing the efficiency and effectiveness of a value chain, involving activities that add value to a product or service from its conception to delivery to the consumer.

Logistics

The detailed coordination and implementation of complex operations, often referring to the movement and storage of goods from point of origin to point of consumption.

Electronic Data Interchange

A system that allows the transfer of information between organizations in a structured format, facilitating automatic processing and reducing manual errors.