With JIT a Company's Relationship with Its Suppliers Includes

question 25

Multiple Choice

With JIT a company's relationship with its suppliers includes

• A) Competitive bidding
• B) Being in partnership with them
• C) Buying parts from the cheapest supplier
• D) Short-term relationships
• E) Having as many suppliers as possible

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Definitions:

Big Data

The collection and analysis of large and complex data sets that traditional data-processing application software are inadequate to deal with.

EDWs

Enterprise Data Warehouses; centralized repositories that store and manage large volumes of structured and unstructured data across an organization.

Analytics

The systematic computational analysis of data or statistics, used for discovering and interpreting patterns, and for decision making.

OLAP

Online Analytical Processing, a category of software tools that provides analysis of data stored in a database.