K14 Flashcards
additive manufacturing
The technologies that build 3D objects by adding layers of material such as plastic, metal, or concrete
supply chain implications of AM
reduced material inputs, simplified production, productions and supply chain flexibility, decentralized distributed production networks,
enablers of AM
talent/workforce, intellectual property rights, quality assurance, process
new service or product development process
design, analysis, development, full launch
supplier relationship process
focuses on the interaction of the firm with upstream suppliers, includes five major nested processes: sourcing, design collaboration, negotiation, buying, and information exchange
annual material costs
annual requirements x price per unit
radio frequency indentification
A method for identifying items through the use of radio signals from a tag attached to an item.
electronic dat interchange
A technology that enables the transmission of routine business documents having a standard format from computer to computer over telephone or direct leased lines.
order fulfillment process
customer demand planning, supply planning, production, logistics
logistics
degree of ownership, facility location, mode selection, capacity level, amount of cross docking
vendor managed inventories
vendors advance product to a customer, own and maintain the inventory, until it is sold, used or consumed
risk management
focuses on managing the risks posed by any factor or event that can materially disrupt a supply chain
hedging
A supply chain risk management strategy used in limiting or offsetting the probability of loss from fluctuations in the prices of commodities or currencies.
futures contract
A contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a predetermined price in the future.
