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22 Cards in this Set

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  • Back
Bullwhip effect
Occurs when distorted proudct demand information passes from one entity to the next throughout the supply chain.
Collaborative demand planning
Helps organizations reduce their investment in inventory, while improving customer satisfaction through product availability.
Collaborative engineering
Allows an organization to reduce the cost and time required during the design process of a product.
Cycle inventory
The average amount of inventory held to satisfy customer demands between inveotry deliveries.
Demand planning software
Generates demand forecasts using statisfical tools and forecasting techniques.
Distribution management software
Coordinates the process of transporting materials from a manufacturer to distribution centers to the final customer.
Effectiveness IT metrics
Measures the impact IT has on business processes and activities including customer satisfaction, conversion rates, and sell-through increases.
Efficiency IT metrics
Measuers the performance of the IT system itself including throughput, speed, and availability.
Global inventory management system
Provides the ability to locate, track, and predict the movement of every component or material anywhere upstream or downstream in the supply chain.
Inventory management and control software
Provides control and visibility to the status of individual items maintained in inventory.
Logistics
The set of processes that plans for and controls the efficient and effective transportation and storage of supplies from suppliers to customers.
Pull technology
Organizations receive or request information.
Push technology
Organizations send information.
Safety inventory
Includes extra inventory held in the event demand exceeds supply.
Selling chain management
Applies technology the activities in the order life cycle from inquiry to sale.
Supply chain
Consists of all parties invovled, directly or indirectly, in the procurement of a product or raw material.
Supply chain event management (SCEM)
Enables an organization to react more quickly to resolve supply chain issues.
Supply chain execution (SCE) software
Automates the different steps are stages or the supply chain.
Supply chain management (SCM)
Involves the management of information flows between the among stages in a supply chain to maximize total supply chain effectiveness and profitability.
Supply chain planning (SCP) software
Uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain while reducing inventory.
Supply chain visibility
The ability to view all areas up and down the supply chain.
Transporation planning software
Tracks and analyzes the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost.