Term
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Definition
| or production implementation is focused on getting the right things to the right place at the right time in the right quantity to achieve perfect work flow, while minimizing waste and being flesible and able to change. JIT is part of this |
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Term
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Definition
| the just-in-time inventory system is all about having the right material, at the right time, at the right place , and in the exact amount, without the safety net of inventory |
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Term
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Definition
| activities performed by managers to help the company create goods |
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Term
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Definition
| managing core processes used to manufacture goods and services |
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Term
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Definition
| actual conversion of inputs to outputs |
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Term
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Definition
| difference between cost of units and value price of outputs. Increase in value that occurs duing trasformation process |
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Term
| decision support system (DSS) |
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Definition
| models information to support managers and business professionals during the decision-making process |
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Term
| executive infromation systems (EIS) |
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Definition
| a specialized DSS that supports seniro level executives within the organization |
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Term
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Definition
| checks the impact of a change in an assumption on the proposed solution |
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Term
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Definition
| the study of the impact that changes in one (or more) parts of the model have on other parts of the model |
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Term
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Definition
| enables users to get details, and details of details, inforamtion |
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Term
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Definition
| involves the aggregation of information and features simple roll-ups to complex goupings of interrelated information |
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Term
| strategic business units (SBUs) |
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Definition
| consist of several standalone business |
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Term
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Definition
| focuses on long-range planning such as plant size, location, and type of process to be used |
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Term
| materials requirement planning (MRP) systems |
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Definition
| uses sales forecasts to make sure that needed parts and materials are available at the right time and place in a specific company |
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Term
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Definition
| focuses on producing good and services as efficiently as possible within the strategic plan |
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Term
| global inventory managements systems |
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Definition
| provides the ability to locate, track, and predict the movement of every ocomponent or material anywhere upstream or downstream in the supply chain |
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Term
| operational planning and control (OP&C) |
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Definition
| deals with the day-to-day procedures for perfroming work, including scheduling, inventory, and process management |
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Term
| inventory management & control systems |
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Definition
| provides conrol and visibility to the status of individual items maintained in inventory |
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Term
| transportation planning system |
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Definition
| tracks and analyzes the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost |
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Term
| distribution management system |
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Definition
| coordinates the process of transporting materials from a manufacturer to distribution centers to the final customer |
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Term
| supply chain management (SCM) |
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Definition
| involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability |
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Term
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Definition
| occurs when distorted prodcut demand information passes from one entity to the next throught the supply chain |
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Term
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Definition
| generates demand forecasts using statistical tools and forecasting techniques |
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Term
| supply chain planning (SCP)software |
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Definition
| uses advanced mathematical algorithms to improve the flow and efficiency fo the supply chain while reducing inventory |
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Term
| supply chain execution (SCE) software |
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Definition
| automates the different steps and statges of the supply chain |
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Term
| customer relationship management (CRM) |
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Definition
| managing all aspects of a customers' relationship with an organization to increase customer loyalty and retention and an organization's profitability |
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Term
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Definition
| supports traditional transactional processing for day to day front office operations or systems that deal directly with the customer |
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Term
| salse force automation (SFA) |
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Definition
| is a system that automatically tracks all of the steps in the sales process. AFA products focus on increasing cutomer satisfaction, building customer relationships, adn improving product sales by racking all sales information |
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Term
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Definition
| supports back-office operations and strategic analysis and includes all systems that do not deal directly with the customer |
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Term
| supplier relationship management (SRM) |
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Definition
| focucses on keeping suppliers satisfied by evalueating and categorizing suppliers from different projects, which optimizes supplier selection |
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Term
| partner relationship management (PRM) |
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Definition
| focuses on keeping vendors satisfied by managing alliance partner and reseller relationships that provide customers with the optimal sales channel |
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Term
| employee relationship management (ERM) |
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Definition
| provides employees with a subset of CRM applications available through a web browser |
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Term
| business intelligence (BI) |
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Definition
| refers to application and technologies that are used together, provide access to, and analyze data and information to support decison making efforts |
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Term
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Definition
| reaction time, period of delay |
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Term
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Definition
| is the time duration to make data ready for analysis (the time for extracting, transforming, and cleansing the data), and loading the data into the database |
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Term
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Definition
| is the time from which data are made abailable to the time when analysis is complete |
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Term
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Definition
| is the time it takes a human to comprehend the analytic result and determine an appropriate action |
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Term
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Definition
| is the process of analyzing data to extract information not offered by the raw data alone. Analyzing large amounts of data to discover hidden trends or patterns |
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Term
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Definition
| is a technique used to divide an inforamtion set into mutually exclusive groups such that the members of each group are a close together as possible to one another and the different goups are as far apart as possible |
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Term
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Definition
| analyzes such items as websites and checkout scanner information to detect customers' buying behavior and predict future behavior by identifying affinities among customers' choices of products and services |
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Term
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Definition
| performs such functions as information correlations, distributions, calculations, and variance analysis |
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Term
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Definition
| predictions made on the basis of time-series information |
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Term
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Definition
| is time-stamped information collected at a particular frequency |
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