Which of the Following Materials Management Activities Is Concerned with Making

question 80

Multiple Choice

Which of the following materials management activities is concerned with making sure the company has enough materials on hand to meet its production schedule?

• A)Purchasing
• B)Procurement
• C)Inventory control
• D)Warehousing

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Definitions:

Cost

The value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore.

Lead Times

The amount of time that elapses between the initiation and completion of a process, such as the period from placing an order to delivery.

Minimum Shipment Quantities

The smallest amount of product that a supplier is willing to ship, usually determined by transport efficiency or the supplier's policy.

Transport

The movement of goods or people from one location to another, typically involving vehicles such as trucks, planes, or ships.