Scheduled maintenance: Saturday, September 10 from 11PM to 12AM PDT Show
Home Subjects Expert solutions Create Log in Sign up Upgrade to remove ads Only ₩37,125/year
Terms in this set (22)Supply Chain Management The coordination of all supply chain activities involved in enhancing customer value Make-or-by Decision A choice between producing a component or service in-house or purchasing it from an outside source Outsourcing Transferring a firm's activities that have traditionally been internal to external suppliers Vertical Integration Developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor Keiretsu A Japanese term that describes suppliers who become part of a company coalition Virtual Companies Companies that rely on a variety of supplier relationships to provide services on demand. Also known as hollow corporations or network companies. Cross-sourcing Using one supplier for a component and a second supplier for another component, where each supplier acts as a backup for the other Bullwhip Effect The increasing fluctuation in orders that often occurs as orders move through the supply chain Pull Data Accurate sales data that initiate transactions to "pull" product through the supply chain Single-stage Control of Replenishment Fixing responsibility for monitoring and managing inventory for the retailer Vendor-managed Inventory (VMI) A system in which a supplier maintains material for the buyer, often delivering directly to the buyer's using department Collaborative Planning, Forecasting, and Replenishment (CPFR) A system in which members of a supply chain share information in a joint effort to reduce supply chain costs Blanket Order A long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship Postponement Delaying any modifications or customization to a product as long as possible in the production process Drop Shipping Shipping directly from the supplier to the end consumer rather than from the seller, saving both time and reshipping costs E-procurement Purchasing facilitated through the Internet Logistics Management An approach that seeks efficiency of operations through the integration of all material acquisition, movement, and storage activities Channel Assembly Postpones final assembly of a product so the distribution channel can assemble it Reverse Logistics The process of sending returned products back up the supply chain for value recovery or disposal Closed-loop Supply Chain A supply chain designed to optimize both forward and reverse flows Inventory Turnover Cost of goods sold divided by average inventory Supply Chain Operations Reference (SCOR) model A set of processes, metrics, and best practices developed by the Supply Chain Council Sets with similar termsChapter 11 vocabulary22 terms mlw72697 Ch 11 Supply Chain Management30 terms keathsam Ch. 11 - Supply Chain Management22 terms rayban555 Chapter 1451 terms nwidmer1
Sets found in the same folderChapter 679 terms kschmidt1014 Layout Strategies30 terms Niall_Butler Chapter 3 Project Management61 terms Eric_Simpson4 Week 12 - Introduction to Quality and Costs of Qua…32 terms molly_tyler21 Other sets by this creatorModule F: Simulation6 terms will_mcavoy Module D: Waiting Line Models11 terms will_mcavoy Chapter #3: Project Management15 terms will_mcavoy Chapter #2: Operation Strategy in a Global Environ…26 terms will_mcavoy Other Quizlet setsCOMPS: dysphagia90 terms Taylor_Roberts47 Pharmacology Basics// Quiz 143 terms xo_madisonnicole18 Quiz 1 Review Jeopardy43 terms chandler2252 ch 11 qz15 terms Tarik_Dervisevic Related questionsQUESTION A 1999 report by the Institute of Medicine concluded that very few preventable errors lead to patient deaths in hospitals. 8 answers QUESTION Before the eighteenth century, a lack of time and money made travel something one had to do rather than what one wanted to do. 11 answers QUESTION You are asked to develop *quality control* guidelines for receiving purchased foods. the most important guideline would be: 15 answers QUESTION 3.4 What is the purpose of a planning memorandum? 4 answers What is the term for a company that relies on a variety of supplier relationships?Virtual Companies: Rely on a variety of supplier relationships to provide services on demand. They represent fluid organizational boundaries that allow the creation of unique enterprises to meet changing market demands. Relationships may be short- or long-term.
What is relationships with suppliers?Supplier relationship management (SRM) is the systematic approach to evaluating vendors that supply goods, materials and services to an organization, determining each supplier's contribution to success and developing strategies to improve their performance.
What are the types of supplier relationships?The three levels of involvement are:. Vendor — These relationships are primarily transactional. ... . Strategic Alliance — Strategic alliances are more entwined. ... . Partnership — In partnerships, both parties work closely together to customize their business strategies to produce positive results.. What is a network between a company and is suppliers called?A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
|
What is the term for a company that relies on a variety of supplier relationships to provide service on demand?
zusammenhängende Posts
Urheberrechte © © 2024 membukakan Inc.
