Chapter1-

Question 1

Forward Buy

Answer 1

The practice of stocking up on an item when it goes on sale, the excess inventory is then stored and used as demand occurs.

Question 2

Internet of things

Answer 2

The process of connecting different devices to the Internet, creating smart devices

Question 3

Job enlargement

Answer 3

Increasing the scope of a job by combining various activities, the goal is to create ownership and alleviate monotony.

Question 4

Job enrichment

Answer 4

Redesigning jobs so that they are more challenging and interesting. a motivational technique to help create more meaningful jobs.

Question 5

Open systems

Answer 5

The view that companies are “ open” to and affected by changes in their environments. managers need to recognize emerging opportunities and threats and be able to effectively respond

Question 6

Reorder point

Answer 6

Inventory level in a reorder point system at which replenishment is triggered. Compares the amount of inventory currently available with the rate of demand to determine when to produce(or when to place an order).

Question 7

SCOR model

Answer 7

Is a tool that benchmarks best practices across a companies, core valued, added activities, including sourcing, operations, logistics, and product return