The Supply Chain's Goal Is to

question 109

Multiple Choice

The supply chain's goal is to

• A)avoid carrying too much inventory.
• B)to reduce or eliminate defective goods.
• C)to measure performance based on financial and non-financial components.
• D)to get the right product to the right location,in the right quantities at the right time,and at the right cost.

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Definitions:

Average Collection Period

The average collection period is the average number of days it takes for a business to receive payments owed by its customers for sales made on credit.

Accounts Receivable

Funds that are owed to a company by its customers for products or services provided on credit.

Note Receivable

A written promise that one party will receive a certain amount of money from another party at a future date, categorized as an asset.

Honoured

In financial terms, referred to a cheque or payment that has been accepted and processed by the bank.