Which of the Following Is a Vital Element in Developing

question 31

Multiple Choice

Which of the following is a vital element in developing a strong supply chain through the practice of process integration?

• A)​Developing and implementing a strong information technology system that allows for fast and easy information exchanges between supply chain partners
• B)Partner collaborations on methods to improve processes within the supply chain​
• C)Partnerships,which value information sharing and partner collaborations​
• D)​All of these

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Definitions:

Operating Information

Data and insights related to the daily functioning of a business, including production processes, cost management, and operational efficiency.

Lean Environment

An operational philosophy focused on minimizing waste and maximizing efficiency in the production process or organizational operations.

Conversion Costs

The combination of direct labor and factory overhead costs; in lean accounting, the account in which is accumulated the costs of direct labor and factory overhead.

Manufacturing Overhead Control

This involves managing and recording all indirect production costs associated with manufacturing operations, including utilities, maintenance, and equipment depreciation.