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Many Companies Require Their Suppliers to Meet What Standards as a Condition

question 36

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Many companies require their suppliers to meet what standards as a condition for obtaining contracts?


Definitions:

Throughput

The rate at which a system generates its product or completes a process, often used in manufacturing and software development.

Operating Expenses

The ongoing expenses incurred in the day-to-day operations of a business, excluding costs directly associated with the production of goods or services.

Performance Measurement

The process of evaluating and analyzing the effectiveness and efficiency of an action or operation, often using indicators or metrics.

Continuous Improvement

An ongoing effort to improve products, services, or processes through incremental and breakthrough improvements.

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