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Kim owns a small toy shop specializing in hobbies.At a recent trade show,he saw a new vendor selling electric trains that were powered by a single track.The merchandise looked detailed,seemed to run smoothly,and didn't jump the track.He went back to his hotel to research the vendor on the Internet,and to make a few calls to other shops to inquire about its reputation.Kim is in which phase of the level of commitment to a retailer-vendor relationship?
Continuous Process
A production method that involves a constant and consistent run of materials, which often operates 24/7 without interruption.
Equipment Utilization
A measure of how effectively a manufacturing or production facility's equipment is being used, often expressed as a percentage.
Postponement Strategy
A supply chain management tactic that delays the final production or distribution of a product until customer demand is known, to reduce inventory costs and increase customization.
Service Productivity
A measure of the efficiency and effectiveness of a service operation, often assessed by the output produced relative to the input used.
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