Term
|
Definition
| a quality measure that allows only 3.4 defects per million opportunities |
|
|
Term
|
Definition
| delivering the desired assortment and quantity of products to the right location on time, damage-free, and correctly invoiced |
|
|
Term
|
Definition
| the work required to move and geographically position inventory |
|
|
Term
| Lowest Total Process Cost |
|
Definition
| reducing costs by capturing trade-offs that exist between functions |
|
|
Term
| Integrated service providers (third-party and fourth party service providers) |
|
Definition
| a range of logistics services that included all work necessary to accommodate customers, ranging from order entry to product delivery. |
|
|
Term
| Anticipatory business model |
|
Definition
Forecast, buy components and materials, manufacture, warehouse, sell, deliver.
highly risky |
|
|
Term
| Responsive business model |
|
Definition
sell, buy components and materials, manufacture, deliver.
usually cheaper, faster |
|
|
Term
|
Definition
| the full-fledged conduct of business operations within and across international boundaries |
|
|
Term
|
Definition
| private data network that creates secure connections or tunnels over regular internet lines |
|
|
Term
|
Definition
| semiprivate network that uses internet tech and allows more than one company to access the same info or allows people on diff servers to collab |
|
|
Term
|
Definition
| companywide network, closed to pub access, that uses internet type tech |
|
|
Term
|
Definition
| software that is copyrighted but distributed to potential customers free of charge |
|
|
