Supply Chain Management: Definitions and explanations page 2 PDF | Download eBooks
Learn supply chain management terms with definitions and explanations, SCM terminologies (Page 2) for MBA degree programs.
- What is Delphi Method?
The organizations use this method to get different results for forecasting process. in this the multiple ... - What is Time Series?
Statistical technique used by the organization to deals with the trend analysis or time series data. ... - What is Naive Approach?
Organizations use different techniques to forecast and one of them is naive approach. in this approach ... - What is Moving Averages?
This indicator is used to gauge the current trend direction. to find the moving average the ... - What is Exponential Smoothing?
Changes occur in the data when the firms ignore the fluctuations that are not relevant to ... - What is Smoothing Constant?
The variable used in the time series technique to determine how the historical data related to ... - What is Mean Absolute Deviation (MAD)?
This tells the organizations about the variation in the data and it is the calculation of ... - What is Mean Squared Error (MSE)?
It is the measuring of average of squares of the errors. mse is most of the ... - What is Mean Absolute Percent Error (MAPE)?
Organizations use this to measure the predicted accuracy of a forecasting technique in statistics such as ... - What is Trend projection?
This method is used for forecasting in businesses that are concerned with the movement of variables ... - What is Seasonal variations?
There is the change in profits, inventory, sales are caused by the seasonality. organizations forecast for ... - What is Cycles?
The term used in supply chain process because the whole process is divided into series of ... - What is Linear-regression analysis?
The study of relationship of additive, linear between different variables and used in almost all statistical ... - What is Standard error of the estimate?
Standard error of the estimate is used to measure the variation of observation that is made ... - What is Coefficient of correlation?
When the value of one variable changes, the direction of other variable tends to change and ... - What is Coefficient of determination?
In statistical analysis the coefficient of correlation is used to measure how well the model explains ... - What is Multiple regression?
The main purpose of the multiple regression to identify the relationship between the variables such as ... - What is Tracking signal?
Organizations use tracking signal to monitor the forecasted activities that are made in comparison with the ... - What is Bias?
The bias forecasting occurs when the organizations face problems and observe a huge difference between the ... - What is Adaptive smoothing?
It is the statistical forecasting method used by organizations to take seasonal changes into account with ... - What is Focus forecasting?
It negates the statistical method of forecasting and tells that organizations should focus on the past ... - What is Product decision?
Product decisions are considered as the crucial and very difficult because products are the epitome of ... - What is Product-by-value analysis?
Organizations use this approach to analyse the product value by understanding the main constitutes of it. ... - What is Quality function deployment (QFD)?
With the increase customer awareness, they tried to choose those products which give them value or ... - What is House of quality?
In quality function deployment the house of quality is the first matrix. it is the process ... - What is Product development teams?
Whenever the firm decided to make or develop new product they make a team. these teams ... - What is Concurrent engineering?
Firms use this strategy for long term benefits. the initial implementation of this strategy is quite ... - What is Manufacturability and value engineering?
Firms use this method to add value in their products and services with the help of ... - What is Robust design?
It is the concept of dr. genichi taguchi and he explains it as the reduction in ... - What is Modular design?
That organization used this approach are subdivided the systems into different small modules that perform or ... - What is Computer-aided design (CAD)?
Organizations use workstations to for the design creation, analysis, modification or optimization. this software's increases the ... - What is Design for manufacture and assembly (DFMA)?
This methodology is used for concurrent engineering that provide guidance to the team in making simple ... - What is Standard for the exchange of product data (STEP)?
It is the international product data standard that is providing to the firms which are dealing ... - What is Computer-aided manufacturing (CAM)?
Firms use this technology to reduce the waste and it also enhances the energy for manufacturing ... - What is 3-D printing?
It is the process of forming digital file by using three dimensional solid objects. the 3-d ... - What is Virtual reality?
To create simulated environment organizations use computer technology known as virtual reality. these include the oculus ... - What is Value analysis?
Organizations used this approach to identify the unnecessary costs that are associated with the products, components, ... - What is Time-based competition?
Firms that use their resources by making better use of time in the changing market and ... - What is Joint ventures?
Those firms move towards the joint ventures when their end goals are same and they agree ... - What is Alliances?
Organizations make alliances with each other because they have same interests and due to this they ... - What is Engineering drawing?
This technique is mainly used by those organizations that are involved in the manufacturing of products ... - What is Bill of material (BOM)?
Businesses use this to list down the complete items that are required for the manufacturing of ... - What is Make-or-buy decision?
Due to increase globalization firms always tried to get product or material at very cheap rate. ... - What is Group technology?
This technology is mostly used by the manufacturing industries and those who are involved in the ... - What is Assembly drawing?
These drawings are made for those products that have more than one component. so this helps ... - What is Assembly chart?
It is similar to assembly diagram in such a way it tells the sequence of product ... - What is Route sheet?
Organizations use this route sheet to determine the exact location facility of the different processes of ... - What is Work order?
When the organization wants to buy any product from supplier it makes a contract with him. ... - What is Engineering change notice (ECN)?
When the manufacturing organization wants to change the specification of their product they give a notice ... - What is Configuration management?
It is a engineering systems process used for developing and balancing the consistency for the performance ... - What is Product life-cycle management (PLM)?
In manufacturing industries plm is used to manage the entire product entire lifecycle including their design, ... - What is Process Chain Network (PCN) Analysis?
Their main focus is the processes designed strategically to establish interaction between the organization and the ... - What is Process chain?
Process chain provides monitoring features and graphical scheduling of activities in order to help in visualization, ... - What is Corporate social responsibility (CSR)?
Business tactic used by the organizations which contributes in sustainable development by giving social, economic and ... - What is Shared value?
Management strategy adopted by the organizations and their main focus is to create measureable value to ... - What is Sustainability?
It encourages organizations to make decisions in years instead of quarter earnings report by considering factors ... - What is Carbon footprint?
The sum of all emissions of carbon dioxide that are induced by the activities in a ... - What is Economic sustainability?
Organizations use their assets efficiently and continuously allow them to function profitability with the passage of ... - What is Life cycle assessment?
Lca is the analysis of manufacturing systems that provide comprehensive analysis of all up and down ... - What is Closed-loop supply chains?
Firms combined the forwards logistics with reverse logistics that means if the product faces any defect ...