3. Supply Chain

Question 1

Data crunching

Answer 1

Dealing with large amounts of information or calculations very quickly: There are time when data crunching doesn’t give you the whole picture

Question 2

In silico

Answer 2

An expression used to describe research or models developed on a computer or in virtual reality, as opposed to “in vivo” “in vitro”

Question 3

Knowledge drain

Answer 3

When a company loses specialists skills and know-how because experienced staff leave the organization

Question 4

Lift-out

Answer 4

When an external provider hires staff who used to do the same job for the customer: A major advantage of the lift-out model lies in acquiring a team with intimate knowledge of the client system

Question 5

Roll out

Answer 5

Phrasal verb to introduce a new product or service: Australia will roll out the prototype of its new jet fighter

Question 6

JIT

Answer 6

Just-in-time, bought sent or produced at the last possible time: JIT is a management philosophy that aims to eliminate sources of manufacturing waste and cost by producing the right part in the right place at the right time

Question 7

Reverse logistics

Answer 7

Si tratta del processo di pianificazione, implementazione e controllo dell’efficienza delle materie prime dei semilavorati, dei prodotti finiti e dei correlati flussi informativi dal punto di recupero al punto di origine con lo scopo di riguadagnare valore da prodotti che hanno esaurito il loro ciclo di vita

Question 8

Vertically integrated

Answer 8

Adjective companies which own operations at different levels of a production process

Question 9

CPFR

Answer 9

Collaborative Planning, Forecasting and Replenishment, the activity of sharing business information with the business partners in order to optimize the supply chain

Question 10

Force field analysis

Answer 10

A method used in change management for displaying and evaluating factors that may drive or obstruct change: Performing a force field analysis helps build consensus by allowing people to express, discuss and resolve their objections

Question 11

Think outside the box

Answer 11

Phrase to find new ways of doing things, especially of solving problems

Question 12

Batch

Answer 12

A quantity of substance needed or produced at one time: Un termine che serve per indicare un insieme di oggetti allo stesso tempo

Question 13

Coating

Answer 13

A thins layer that covers something

Question 14

Fastening

Answer 14

A screw (vite), bolt (bottone) or hinge (cerniera) used to assemble part of structure, machine or vehicle

Question 15

Galvanized

Answer 15

A galvanized metal is covered with a layer of zinc to protect it from damage

Question 16

Micron

Answer 16

A unit for measuring very small length in the metric system

Question 17

Scorecard

Answer 17

A table of the most important information needed to achieve an objective

Question 18

The writing’s on the wall

Answer 18

Phrase informal used for saying that it seems likely that something will soon go wrong or stop existing: Is the writing on the wall for tobacco advertising?

Question 19

USP

Answer 19

Unique Selling Proposition. The thing that males a product or a service special or different from other products