Just-in-time manufacturing is the foundation of supply chain management.
<h3>Describe the meaning of
supply chain management?</h3>
It is possible to describe supply chain management as the effective and efficient management of the flow of goods and services as well as all industrial processes involved in converting raw materials into completed items that satisfy consumers' unquenchable want and demand.
In general, supply chain management includes all of the tasks involved in organising, carrying out, and delivering finished products and services from producers to customers. Through the use of an effective inventory system, it is a management framework that is focused on reducing production costs while boosting efficiency between suppliers and customers.
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Answer:
-7.407%
Explanation:
Let interest rate be x%
Present value of payment = $130,002 * PV of discounting factor (rate%, time period)
$103,200 = $130,002 * 1.0x^3
1.0x^3 = $103,200 / $130,002
1.0x = ($103,200 / $130,002)^(1/3)
1.0x = 0.793834^(1/3)
1.0x = 0.92592660981
x = (0.92592660981 - 1) * 100
x = -0.07407*100
x = -7.407%
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