________ Avoids Placing Materials or Supplies in Storage by Processing

question 265

Short Answer

________ avoids placing materials or supplies in storage by processing them as they are received for shipment.

---

Definitions:

Organization

A structured group of individuals working together to achieve common goals.

Poisson Probability Distribution

Describes the probability of a given number of events happening in a fixed interval of time or space when these events occur with a known constant mean rate.

Business Processes

A set of tasks and activities that are sequentially organized to achieve a specific organizational goal or objective.

Independent Events

Two or more events where the occurrence of one does not affect the probability of the others.