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