Term
|
Definition
| erratic shifts in orders up and down the supply chain |
|
|
Term
|
Definition
| corporate portals that automate the business processes involved in selling or distributing products from a single supplier to multiple buyers. |
|
|
Term
| electronic data interchange (EDI) |
|
Definition
| a communication standard that enables the electronic transfer of routine documents between business partners. |
|
|
Term
| interorganizational information system (IOS) |
|
Definition
| an information system that supports information flow among two or more organizations |
|
|
Term
|
Definition
| the time between the receipt of incoming goods and the dispatch of finished, outbound products. |
|
|
Term
| just-in-time (JIT) inventory system |
|
Definition
| a system in which a supplier delivers the precise number of parts to be assembled into a finished product at precisely the right time. |
|
|
Term
|
Definition
| corporate portals that automate the business processes involved in purchasing or procuring products between a single buyer and multiple suppliers. |
|
|
Term
|
Definition
| a business model in which the production process begins with a customer order and companies make only what customers want, a process closely aligned with mass customization. |
|
|
Term
|
Definition
| a business model in which the production process begins with a forecast, which predicts the products that customers will want as well as the quantity of each product. the company then produces the amount of products in the forecast, typically by using mass production, and sell, or "pushes," those products to consumers. |
|
|
Term
|
Definition
| an activity in which the leadership of an organization provide extensive oversight for the partnerships and processes that comprise the supply chain and leverage these relationships to provide an operational advantage. |
|
|
Term
|
Definition
| the ability for all organizations in a supply chain to access or view relevant data on purchased materials as these materials move through their suppliers' production processes. |
|
|
Term
| vendor-manged inventory (VMI) |
|
Definition
| an inventory strategy where the supplier monitors a vendor's inventory for a product or group of products and replenishes products when needed. |
|
|
Term
|
Definition
| strategy of integrating the upstream part of the supply chain with the internal part, typically by purchasing upstream suppliers, in order to ensure timely availability of supplies. |
|
|
