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Packet Chapter 7
Supply Chain Management
7
Business
Undergraduate 1
12/21/2011

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Term
Supply Chain
Definition
the set of entities and relationships that cumulatively define materials and information flows downstream towards the customer and upstream toward the very first supplier
Term
Physical Supply
Definition
the flow of upstream nodes into the producer
Term
Physical Distribution
Definition
the flow of distribution from the producer to downstream nodes toward the end customers
Term
Distribution Channel
Definition
specific route from a producer forward through the various nodes to the end customer and is therefore only part of the supply chain
Term
Supply Chain Management
Definition
the design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer
Term
Demand Management
Definition
decisions that are taken to effect the quantities demanded of one or more products that are served by a supply chain
Term
Purchasing Cycle
Definition
cycle consists of: user requirements, clarification of specifications, make-or-buy decisions, competitive bidding or negotiation, supplier selection, relationship management
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