From a Customer's Perspective,the Time Lapse Between Receipt of an Order

question 138

Multiple Choice

From a customer's perspective,the time lapse between receipt of an order and the point when the product is pulled from inventory for a retailer is referred to as

• A)Non-value added.
• B)Wasted time.
• C)Internal process time.
• D)None of these ans choices are correct.

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Definitions:

Supply Policies

Guidelines and rules set by an organization to govern its procurement activities and relationships with suppliers.

Purchasing Consortia

Groups of businesses that come together to aggregate their purchasing volume in order to negotiate better prices and terms from suppliers.

Confidentiality

The requirement to keep certain information private, not disclosing it to unauthorized individuals or parties.

Supply Strategy

A plan for managing the procurement of goods and services to meet organizational needs effectively.