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Supply Chain Management: Definitions and explanations page 1 PDF | Download eBooks

Learn supply chain management terms with definitions and explanations, SCM terminologies (Page 1) for MBA degree programs.


  1. What is Production?
    It is the process which is the combination of different materials and nonmaterial's (inputs) includes plans, ...
  2. What is Operations Management (OM)?
    Operations management is the governing process in the businesses to create the greatest level of efficiency ...
  3. What is Supply Chain?
    It is a network between the organization and its suppliers to manufacture and distribute the end ...
  4. What is Services?
    Services are the transaction which is transferred from seller to buyer with no physical goods. they ...
  5. What is Service Sector?
    Service sector produce those goods which are intangible which includes the transportation of goods from one ...
  6. What is Productivity?
    It is a ratio of what we get from what we put in. to achieve higher ...
  7. What is Single-Factor Productivity?
    The single or partial factor productivity can be measured always in terms of single input in ...
  8. What is Multifactor Productivity?
    It is productivity calculation method in which more than one factor is involve such as the ...
  9. What is Productivity Variables?
    Productivity variables ensure the productivity enhancement through different factors such as labor, capital and proper management. ...
  10. What is Knowledge Society?
    It brings shares and makes available knowledge to all members which may be used to improve ...
  11. What are Stakeholders?
    These are the persons, or groups that interests are interlinked with the organization. stakeholders can be ...
  12. What are Maquiladoras?
    It is a spanish term used in usa for factory which operated under free tariffs and ...
  13. What is World Trade Organization (WTO)?
    It deals with the rules and regulations of trade between the nations at international level. the ...
  14. What is North American Free Trade Agreement (NAFTA)?
    North american free trade agreement is between the three countries us, canada and mexico commenced in ...
  15. What is European Union (EU)?
    It is the organization of european countries to facilitate their citizens. the main purpose of this ...
  16. What is Mission?
    Companies used mission statements to describe the purpose and goal for existence in a very simple ...
  17. What is Strategy?
    Organizations make strategies to achieve their missions and objectives. it mainly involves the goal setting, and ...
  18. What is Competitive Advantage?
    Those organizations that have competitive advantage over others produce such goods and services which have equal ...
  19. What is Differentiation?
    Differentiation process used by the firms to differentiate from others by providing some unique kind of ...
  20. What is Experience Differentiation?
    Organizations main focus is to produce those products which differentiate them from others. customers once buy ...
  21. What is Low-Cost Leadership?
    Those firms which prefer low-cost leadership strategies developed the large volume of products at a very ...
  22. What is Response?
    It is basically related to the improvement in supply chains of the daily necessities industries because ...
  23. What is Resources View?
    It defines the competitive advantage to a firm aligned with the resources which have a potential ...
  24. What is Value-Chain Analysis?
    It is a strategy to identify the firm's internal activities. its main goal is to analyze ...
  25. What is Five Forces Model?
    This model describes by the porter and in this he tells the five different factors for ...
  26. What is SWOT Analysis?
    It is the framework which identifies and analyses the company's external (threats and opportunities) and the ...
  27. What are Key Success Factors (KSFs)?
    These are the factors which tell the organization how to accomplish their desired goals. the elements ...
  28. What are Core Competencies?
    Core competencies generate the value of product and attract the customer to buy your product over ...
  29. What is Activity Map?
    It is a diagnostic tool which identifies the firm's competitive advantage and connects the firm's value ...
  30. What is Outsourcing?
    It is the hiring of third party which performs the organizational activities. it reduces the overall ...
  31. What is Theory of Comparative Advantage?
    It occurs when one country have lower opportunity cost by manufacturing goods and services over other ...
  32. What is International Business?
    Trading of goods and services across the borders and at transnational or global level. these transactions ...
  33. What is Multinational Corporation (MNC)?
    Corporations have more than one office other than their home countries. they coordinate globally and their ...
  34. What is International Strategy?
    These strategies mostly refer to the transactions which occur in other countries and refer to those ...
  35. What is Multidomestic Strategy?
    It is the approach which is based only on the domestic level instead of global level ...
  36. What is Global Strategy?
    Due to increase globalization companies started to make strategies that are globally acceptable. by doing this ...
  37. What is Transnational Strategy?
    It is different from the global strategy in such a way it produce goods according to ...
  38. What is Project Organization?
    This process tells about the arrangements and decisions related to the realization and the complete process ...
  39. What is Work Breakdown Structure (WBS)?
    It organizes the all activities and divide them into the teams in manageable sections. all the ...
  40. What is Gantt Charts?
    This chart represents the total time and span of the project, and then broken into the ...
  41. What is Program Evaluation and Review Technique (PERT)?
    It can be explain as the tool used by organizations in their projects to schedule, organize ...
  42. What is Critical Path?
    Organizations used this method to figure out the least amount of time to complete the task ...
  43. What is Activity-on-Node (AON)?
    It is the term used in the project management which refers to the precedence diagramming method ...
  44. What is Activity-on-Arrow (AOA)?
    In this the activities are constituted on the line between the two circles. both of these ...
  45. What is Critical Path Analysis?
    It is a technique used in project management that requires the mapping of activities which must ...
  46. What is Forward Pass?
    It is considered as the very critical component of the project management in which the whole ...
  47. What is Backward Pass?
    In project management it refers to the estimated calculation of the activities which are not completed ...
  48. What is Slack Time?
    The time in which the activity can be delayed or postponed without causing another activity to ...
  49. What is Optimistic Time?
    It is the term used in project management and the fastest or minimal possible time needed ...
  50. What is Pessimistic Time?
    It is the opposite of optimistic time because it requires the maximum possible time to complete ...
  51. What is Most Likely Time?
    The best estimation of time for the completion of activities by the organizations. in this they ...
  52. What is Crashing?
    Organizations used this technique when they feel the duration of project is quite longer. so, by ...
  53. What is Dummy Activity?
    The time duration of these activities are zero and they are introduced in the project to ...
  54. What is Forecasting?
    Firms use forecasting technique by using historical data to forecast the future estimated sales. further, they ...
  55. What is Economic Forecasts?
    Firms use the process of economic forecasting to predict the future economic conditions with the help ...
  56. What is Technological Forecasts?
    Due to increase shift in the technology organizations main focus is to identify the innovative technology ...
  57. What is Demand Forecasts?
    It is linked with the changing customer demands with the change occur in seasons. so the ...
  58. What is Quantitative Forecasts?
    Most of the organizations use statistical techniques to make predictions for future demand. this can be ...
  59. What is Qualitative Forecasts?
    Some organizations use qualitative method which is based on the expert judgment or opinion instead of ...
  60. What is Jury of Executive Opinion?
    In this technique the committee of experience executive gives different ideas related to the future forecasting ...