THC 102

36問 • 1年前

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relationships and interactions between tasks, functions, departments, and organizations, that promote flow of information, ideas, and integration in achievement of shared objectives.

linkage

defines the identification, acquisition, access, positioning and management of resources the organisation needs or potentially needs in the attainment of its strategic objectives.

supply chain management

a planning and management tool that visually describes the flow of work

process mapping

The cash flow speed is called

throughput

Supply chain management is the process of delivering a product from raw material to the consumer. It includes supply planning, product planning, demand planning, sales and operations planning, and supply

supply chain management (SCM)

systematic approach to sourcing, storing, and selling inventory—both raw materials (components) and finished goods (products).

Inventory Management

the action of making or manufacturing from components or raw materials, or the process of being so manufactured.

Production

supply chain management process by which activities associated with returns, reverse logistics, gatekeeping, and avoidance are managed within the firm and across key members of the supply chain.

Returns management

Is the portion of a company made up of administration and support personnel who are not client-facing.

back office

Is the money that is moving (flowing) in and out of your business in a month

cash flow

direct one-on-one interaction between a consumer making a purchase and a representative of the company that is selling it. Most retailers see this direct interaction as a critical factor in ensuring buyer satisfaction and encouraging repeat business.

customer service

also known as product assortment or product portfolio, refers to the complete set of products and/or services offered by a firm. It consists of product lines, which are associated items that consumers tend to use together or think of as similar products or services.

Product Mix

means that if purchasing costs constitute a major portion of the total cost of a business, a saving in purchasing costs has greater profit potential than a similar increase in sales

Profit leverage

quoted price of inventory minus any discounts allowed plus shipping charges

Purchasing cost

are the costs that occur in the manufacturing facilities. are also referred to as manufacturing costs, product costs, and a manufacturer's inventoriable costs

Production cost

detailed plan of actions and decisions that aim to control and utilize given resources at the department level, such as operations, marketing, logistics, finance, and human resources.

functional strategy

the amount of time a product goes from being introduced into the market until it's taken off the shelves. It helps inform business decision-making, from pricing and promotion to expansion or cost-cutting.

Product cycle

There are four stages in a product's life cycle—

introduction, growth, maturity, and decline.

method or plan chosen to bring about a desired future, such as achievement of a goal or solution to a problem.

strategy

This is concerned with decisions by the business as a whole in terms of the industry sectors (e.g., transportation, cosmetic, auto manufacturing, construction, public utility) in which it wishes to compete.

corporate strategy

This is concerned with decisions on the target markets (e.g., seniors, teenagers, and women) in which the business currently competes or wishes to compete in the future. These decisions involve the coordination and integration of new product/service development, branding, customer relationship management, quality assurance, and delivery scheduling.

business unit strategy

This focuses on the management and control of the range of tasks supporting each specific business function, such as marketing, operations, purchasing, logistics, and finance

functional strategy

A supply chain strategy that aims to develop a value stream from suppliers to final customers to eliminate all kinds of buffering costs in the supply chain and to ensure a level production schedule in order to improve process efficiency and then maintain the competitive advantage through economies of scale in a stable and predictable marketplace.

lean

A supply chain strategy aims to develop a flexible and reconfigurable network with partners to share competences and market knowledge in order to survive and prosper in a fluctuating market environment by responding rapidly to market changes

agile

supply chain strategy, which combines some elements of the lean and agile strategies, utilizes make-to-stock/lean strategies for high-volume, stable-demand products while using make-to-order/agile strategies for everything else.

Leagile

refers to the capacity of a supply chain to make and store products. The facilities of production are factories and warehouses

Production

refers to the geographical setting of supply chain facilities. It also includes the decisions related to which activities should be performed in each facility.

location

This refers to the movement of everything from raw material to finished goods between different facilities in a supply chain

transportation

performs the range of different operations required to make a given product line from fabrication of different product parts to assembly of these parts

Product focus

concentrates on performing just a few operations such as only making a select group of parts or only doing assembly. These functions can be applied to making many different kinds of products

functional focus

All of a given type of product is stored together. This is an efficient and easy to understand way to store products.

Stock keeping unit (SKU) storage

All the different products related to the needs of a certain type of customer or related to the needs of a particular job are stored together. This allows for an efficient picking and packing operation but usually requires more storage space than the traditional SKU storage approach.

Job lot storage

Product is not actually warehoused in the facility. Instead the facility is used to house a process where trucks from suppliers arrive and unload large quantities of different products.

Cross docking

This is the amount of inventory needed to satisfy demand for the product in the period between purchases of the product.

cycle inventory

Inventory that is held as a buffer against uncertainty

safety inventory

This is inventory that is built up in anticipation of predictable increases in demand that occur at certain times of the year

seasonal inventory

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Leah Jean Better · 28問 · 2年前

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