Module 10 Vocabulary Flashcards
A complex, evolved form of a supply chain that includes secondary support and multiple, interrelated supply and distribution lines
Supply chain network
The sequence of processes involved in the production and distribution of a commodity
Supply chain
The process by which a company adds value to product, such as production, marketing, and service
Network chain
The management of the flow of goods or services through the process of moving from production to customer
Supply chain management
The allocation of resources in the production process
Production planning
The process of supplying goods to customers
Distribution
Theory in supply chain management that focuses decisions on the needs of the product
Push model
All the activities involved in creating a product
Production cycle
Theory in supply chain management that bases decisions and activities on the needs of the customer
Pull model
A collection of methods or theories for reducing waste in manufacturing
Lean manufacturing principles
Manufacturing process that spans multiple countries outside a firm’s country of origin, usually in a coordinated multistage system
Multinational production
A manufacturing method that allows customers to customize the product
Make-to order
A manufacturing method that creates large amounts of identical products
Mass production
A manufacturing method that combines the flexibility of custom production with the scale of mass production by allowing the customer to dictate some of the design elements in products that will have a wide distribution
Mass customization
The value of a product per pound or kilogram
Value-to-weight ratio
