________ and supply flexibility can be employed as shock absorbers to help maintain the balance when unexpected occurrences alter the operations plan.
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supply chain links
All ________ are interconnected and disruption with one will impact all.
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Supply chain managers
________ must also develop pricing, shipping, delivery, and payment processes with suppliers and creating metrics for monitoring and improving the performance.
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Supply Chain
Every link (company) in the ________ is both a Customer of their Suppliers and a Supplier to their Customer.
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visibility
Improving ________ and collaboration to combat increasing demand volatility and forecast inaccuracy.
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1950s
The basic concept of supply chain management goes back to the ________ and has evolved significantly over time from initially being almost exclusively internally focused to now embracing collaboration and strategic partnerships with external trading partners.
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Tier
________ 1 Suppliers means that you have a direct relationship with that supplier.
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Flexibility
________ is another shock absorber for both demand and supply variability.
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Consumer
________ is the person who actually ________ the product, but a Customer could be a reseller like a bodega.
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Supply chains
________ exist in the service industry.
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Supply chain models
________ for service products operate differently from that of physical products as service products can not be produced in advance or inventoried, and the frequently the customer of a service product provides the tangible item that will receive the service.
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Quality management
________ is an important aspect of the manufacturing process.
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Inventory
________ is a type of shock absorber for both demand and supply variability.
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Collaborative Planning
________, Forecasting and Replenishment: process where supply chain trading partners can jointly plan key supply chain activities from production to final product.
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Supply chain management
________ provides value for both internal and external customers.
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Supply chain planning
________ and execution can be viewed as two mirror image processes complementing one another: planning and procurement followed by execution and order fulfillment.
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Total Quality Management
________: a management approach to improve processes, goods, services, and the culture in which they work.
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supply chain
A(n) ________ is the global network used to deliver products and services from raw materials to customers through an engineered flow of information, physical products, and cash.
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Flexibility
________ might mean having extra capacity.
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supply chain management
Deliver, is the part of the ________ that oversees the planning and execution of giving the product to customers.
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supply chain
The product is pushed through the ________ toward the customer based anticipated need.
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supply chain
Producing and delivering products and services requires suppliers, manufacturers and customers: all of which make up a(n) ________.
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supply chain
The type of products a company is producing, functional or innovative, is one of the major considerations for determining which model is best suited for that ________.
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supply chain
There are various points in the ________ to meet customer requirements.
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supply chain
The process facilitates the flow of information, orders, products, and funds along the ________.
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Flashcard (94)