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Q. …………is the time that elapses between issuing replenishment order and receiving the material in stores.

Q. ……………….. objective in logistics ensure a proper balance between total logistic cost and a desired level of customer service performance.

Q. _______ is a tool to chart how individual processes are currently being conducted and to help lay out new improved processes.

Q. All of the following decisions fall within the scope of operations management except for

Q. It is common for international marketers to………. their channel strategies for each country.

Q. A distinguishing feature of a contractual VMS is that coordination and conflict management among the independent members of the channel are attained through…………….

Q. When a sample measurement falls inside the control limits, it means that

Q. Operations management is applicable

Q. …………is the process in supply chain that defines how a company interacts with its suppliers.

Q. To reduce inventory management costs, many companies use a system called…………, which involves carrying only small inventories of parts or merchandise,often only enough for a few days of operation.