Hoja 2 Flashcards
total cost approach
Coordinate materials management and physical distribution in a cost-efficient manner.
Demand forecasting
Efforts to estimate product demand in a future time period.
Inventory Management
Stock of goods that are maintained for a variety of purposes, such as for resale to othes, as well as to support manufacturing or assembling process.
Big data
Collection of large amounts of near-real-time data collected through variety sources
Global positioning systems (GPS)
Network of satellites that transmits signal that pinpoint the exact location of an object.
Transaction processing system (TPS)
Collects and stores information about transactions and may also control some aspect transactional
Warehousing Measures
Identify design and operations options that provide
benefits in terms of increased speed or reduces costs
Matrix design
Organizational design where one employee might have cross-functional responsibilities
Balanced scorecard (BSC)
Strategic planning and performance management system used extensively in industry, government, and nonprofit organizations.
The Strategic Profit Model (SPM)
Provides the framework for conducting ROA analysis by incorporating revenues and expenses to generate net profit margin
Financial ratios
Indicators used in finance to measure or quantify the economic and financial reality of a company or unit evaluated
Logistic measures are designed to include information on five types of performance
(1) asset management
(2) cost
(3) customer service
(4) productivity
(5) logistics quality.
