chapter13 Flashcards
Erratic shifts in orders up and down the supply chain.
bullwhip effect
Corporate portals that automate the business processes involved in selling or distributing products from a single supplier to multiple buyers.
distribution portals
A communication standard that enables the electronic transfer of routine documents between business partners.
electronic data interchange (EDI)
Link business partners to one another over the Internet by providing access to certain areas of one another’s corporate intranets
extranets
An information system that supports information flow among two or more organizations.
interorganizational information system (IOS)
A system in which a supplier delivers the precise number of parts to be assembled into a finished product at precisely the right time.
just-in-time (JIT) inventory system
Corporate portals that automate the business processes involved in purchasing or procuring products between a single buyer and multiple suppliers.
procurement portals
A business model in which the production process begins with a customer order and companies make only what customers want; a process closely aligned with mass customization.
pull model
A business model in which the production process begins with a forecast; which predicts the products that customers will want as well as the quantity of each product. The company then produces the amount of products in the forecast; typically by using mass production; and sells; or “pushes;” those products to consumers.
push model
Coordinated flow of materials; information; money; and services from raw material suppliers; through factories and warehouses; to the end consumers.
supply chain
An activity in which the leaders of an organization provide extensive oversight for the partnerships and processes that comprise the supply chain and leverage these relationships to provide an operational advantage.
supply chain management
The ability for all organizations in a supply chain to access or view relevant data on purchased materials as these materials move through their suppliers’ production processes.
supply chain visibility
An inventory strategy where the supplier monitors a vendor’s inventory for a product or group of products and replenishes products when needed.
vendor-managed inventory (VMI)
Strategy of integrating the upstream part of the supply chain with the internal part; typically by purchasing upstream suppliers; in order to ensure timely availability of supplies.
vertical integration
