Term
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Definition
| Effect of problem statement, branches off into Macro Causes which then can be broken down into micro causes. |
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Term
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Definition
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Term
| Multi-Factor Productivity |
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Definition
| Output/(Input_1+Input_2+Input_3) |
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Term
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Definition
| Sequence of organizations, their facilities, function and activities that are involved in producing and delivering a product or service. |
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Term
| The sequence of the supply chain begins with the basic supplier and extends all the way to what? |
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Definition
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Term
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Definition
| Variations in demand cause inventory fluctuations to fluctuate and get out of control. |
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Term
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Definition
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Term
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Definition
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Term
| What are the three types of flow management? |
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Definition
Product and Service Flow
Information Flow
Financial Flow |
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Term
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Definition
| Sharing of forecasts and sales data |
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Term
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Definition
| How money flows in and out of a company |
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Term
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Definition
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Term
| What is the purchasing department that is responsible for obtaining the materials, parts, supplies and services needed to produce a product or provide a service? |
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Definition
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Term
| Purchasing Cycle Main Steps |
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Definition
1. Receives Requisition
2. Selects Supplier
3. Places Order
4. Monitors Order
5. Receives Order |
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Term
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Definition
| The speed at which goods move through a supply chain. |
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Term
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Definition
| Vendors monitor goods and replenish retail inventories when supplies are low. |
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Term
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Definition
| Holding inventory at a distribution center rather than at retail outlets. |
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Term
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Definition
| The process involved in responding to customer orders. |
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Term
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Definition
| Overseeing the shipment of incoming and outgoing goods. |
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Term
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Definition
| Tech that uses radio waves to identify objects, such as goods in supply chains. |
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Term
| Third Party Logistics (3-PL) |
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Definition
| Outsourcing of logistics management. |
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Term
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Definition
| Process of transporting returned items |
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Term
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Definition
| Screening returned goods to prevent incorrect acceptance of goods. |
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Term
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Definition
| Finding ways to minimize the number of items returned. |
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Term
| Lot Size Inventory Trade-Off |
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Definition
| Increases safety stock carried by suppliers, but yields many benefits in terms of quantity discounts and lower annual set up costs. |
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Term
| Inventory Transportation Costs |
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Definition
| Suppliers prefer to ship full truckloads instead of partial loads to spread shipping costs over as many units as possible, which leads to greater holding costs for customers. |
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Term
| Lead Time Transportation Costs |
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Definition
| Suppliers like to ship in full loads, but waiting for sufficient orders and/or production to achieve a full load may increase lead time. |
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Term
| Product Variety Inventory |
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Definition
| Greater product variety usually means smaller lot sizes and higher setup costs, as well as higher transportation and inventory management costs. |
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Term
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Definition
| Production of standard components and subassemblies which are held until late in the process to add differentiating features. |
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Term
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Definition
| Special properties that make an order an exceptional standout in the market place. |
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Term
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Definition
| The basic properties needed for an order to enter a marketplace. |
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Term
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Definition
| Demand that is not related to other items or the final end product. |
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Term
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Definition
| Demand that is derived from higher level products, companies, assemblies, etc. |
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