According to the APICS Dictionary, _____ is defined as the process of a supplier placing goods at a customer location without receiving payment until after the buyer uses the goods.
A)Kanban
B)Just-in-time
C)Consignment
D)MRO
E)None of these answers.

Question

Quizplus · Accepted Answer

Consignment is the process of a supplier placing goods at a customer location without receiving payment until after the buyer uses the goods. Kanban refers to a system of controlling production and inventory levels by using signals to authorize production or movement. Just-in-time refers to a production strategy to minimize inventory levels and reduce waste. MRO stands for maintenance, repair, and operating supplies.

According to the APICS Dictionary, _____ Is Defined as the Process