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In a ________ Strategy,the Need to Coordinate Is Low

question 86

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In a ________ strategy,the need to coordinate is low.


Definitions:

Operations

The day-to-day activities involved in the running of a business for the purpose of producing value for the stakeholders, covering everything from manufacturing to administration.

Economic Order Quantity

Economic Order Quantity (EOQ) is a formula used to determine the optimal quantity of inventory to order that minimizes total inventory costs, including holding and ordering costs.

Inventory System

A process or software used for tracking goods and materials held by a business, managing stock levels, orders, sales, and deliveries.

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

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