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PL Inc Implements an Information System to Improve Its Supply Chain

question 36

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PL Inc. implements an information system to improve its supply chain. The system helps the organization to reduce wastes and optimally utilize its resources. In this scenario, implementing the information system has helped PL Inc. to gain a competitive advantage by ________.


Definitions:

Optimal Order Quantity

The most efficient amount of inventory to order, minimizing costs while meeting demand.

Base Price

The initial cost of a good or service before any discounts, additional fees, or taxes are applied.

Percentage Discount

A reduction from the original price of a product or service expressed as a percentage of the original price.

Quantity Discount

A price reduction offered to buyers for purchasing large volumes, encouraging bulk purchases.

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