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ISOM 11-3
lecture notes
9
Computer Science
Undergraduate 1
11/03/2009

Additional Computer Science Flashcards

 


 

Cards

Term
SCM
Definition
The average company spends nearly half of every dollar on production needs
Term
Three Main Link
Definition
1.Materials flow from suppliers and their suppliers at all levels
2.Transformation of materials into semi-finished and finished products through the organization;s own production process
3.Distribution of products to customers and their customers at all levels
Term
5 Components
Definition
1.Plan
2.source
3.make
4.deliver
5.return
Term
Visibility in SCM
Definition
Term
Consumer Behavior
Definition
-Companies can respond to demanding and changing customers through supply chain enhancements enabled by IT
Term
Competition
Definition
-Increased competition and adoption of IT advances in supply chain management, makes any organization that is ignoring modernization at risk of being obsolete
Term
Speed
Definition
Pace of business increases, and organization's supply chain must respond efficiently, accurately, and quickly
Term
Supply chain planning software
Definition
-Uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain
Term
SCM Industry best practices
Definition
1.Make the sale to suppliers
2.Wean employees off traditional (outdated) business practices
3.Ensure the SCM system supports the organizational goal
4.Deploy in incremental phases and measure and communicate success
5.Be future oriented
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