Scm1 Flashcards
1
Q
Bullwhip effect
A
A distribution channel phenomenon. Simply put, as a company responds to shifts in customer demand, the initial response is amplified as one moves up the supply chain.
2
Q
Operations and supply chain management (OSCM)
A
The business function responsible for acquiring materials, transforming those materials into higher-valued outputs, and delivering the final product to customers; that is, for creating customer value
3
Q
Productivity
A
A measure of the efficiency of a person, machine, factory, or system in converting inputs into useful outputs as measured by output per unit of input
