The Following Supply Chain Concept Was Introduced in the 1990's

question 75

Multiple Choice

The following supply chain concept was introduced in the 1990's in an attempt to reduce waste and increase performance:

• A)​Business Process Reengineering
• B)​Offshoring
• C)​Vertical Integration
• D)​Material Requirement Planning

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Definitions:

Joint Tenant

An individual co-holder of a property title under the right of survivorship, meaning the property passes to the surviving holders upon one's death.

Life Insurance Policy

A contract with an insurer that pays a designated beneficiary a sum of money upon the death of the insured person.

Certificate of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, issued by banks to depositors.

United Way

A nonprofit organization that works worldwide, helping communities by funding partner organizations to support various social causes.