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By the end of this chapter, you should be able to:
➔ comment on the supply chain process
➔ distinguish between just-in-time (JIT) and just-in-case (JIC)
➔ interpret a stock control chart (especially the buffer stock, reorder
level, reorder quantity, and lead time)
➔ calculate a capacity utilization rate
➔ interpret productivity rates
➔ distinguish between cost to buy (CBT) and cost to make (CTM).