Scheduling and Managing the Flow of Work Through an Organization

question 17

True/False

Scheduling and managing the flow of work through an organization and supply chain belongs to the logistics function of a supply chain.

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Definitions:

Cash Discount

A reduction in the price of goods or services offered to purchasers as an incentive for early payment.

Discount Date

The specified date when a payment is to be made with a discount for early settlement.

Due Date

The due date is the date by which a payment, bill, or other obligation must be paid.

Remittance

The act of sending money in payment or as a gift, often referring to funds sent by individuals working abroad to family members in their home country.