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Match the Term with Its Definition

Question 120

Essay

Match the term with its definition.Some terms may not be used
a.ABC method
b.Associative forecasting
c.Cooperative purchasing organisation
d.Cycle counting
e.Demand management strategies
f.Economic order quantity
g.Just-in-time inventory system
h.Perpetual inventory system
i.Physical inventory system
j.Poka-yoke
k.Statistical inventory control
l.Two-bin inventory system
-An organisation in which small businesses combine their demand for products or services in order to negotiate as a group with suppliers.

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