VV30 - Supply Chain Flashcards
ERP
*** can make a company more efficient by giving everyone access to the same data at all times
Enterprise Resource Planning - is a system that integrates information from all the different parts of the business
a *** buys products from manufacturers and then resells them to retailers
distributor
A business strategy aimed at reducing inventory and associated costs.
With *** , just enough materials are ordered and only when they are needed.
JIT - Just in Time
a *** uses machines, tools and labour to transform materials into goods
manufacturer
the process of receiving, processing and filling a customers order
order fulfilment
a *** is the entire network of businesses involved in providing goods or services to a customer
supply chain
in every practical sense; “to *** the case is closed”
for all intents and purposes
Performed or expressed without preparation or forethought
off-hand
offhandedly - without previous thought or preparation;
a pear-shaped glass with a short stem and a bowl that narrows towards the top so that the aroma of brandy or a liqueur is retained
snifter
a slender prong, esp of a fork
tine
A flat-bladed hand tool for leveling, spreading, or shaping substances such as cement or mortar
trowel
Neglected and in a state of disrepair
Lacking style or good taste
tacky
