Karteikarten
Unit 7
Karten in diesem Stapel (18)
- 1ANTICIPATION INVENTORYInventory that is held in anticipation of known unusual customer demand (seasonality, promotions etc.)
- 2BULLWHIP EFFECTAccording to APICS, “an extreme change in the supply position upstream in a supply chain generated by a small change in demand downstream in the supply chain.”
- 3CONTINUOUS REVIEW SYSTEMAn inventory system used to manage independent demand inventory. The inventory level for an item is constantly monitored, and when the reorder point is reached, an order is released.
- 4CYCLE STOCKComponents or products that are received in bulk by a downstream partner, gradually used up, and then replenished again in bulk by upstream partner.
- 5DEMAND UNCERTAINTYThe risk of significant and unpredictable fluctuations in downstream demand.
- 6DEPENDENT DEMAND INVENTORYInventory items whose demand levels are tied directly to a company’s planned production of another time.
- 7ECONOMIC ORDER QUANTITYThe order quantity that minimizes annual holding and ordering costs for an item.
- 8HEDGE INVENTORYAccording to APICS, a “form of inventory buildup to buffer against some event that may not happen. Planning involves speculation related to potential labor strikes, price increases, unsettled governments, and events that could severely impair the company’s strategic initiatives.”
- 9INDEPENDENT DEMAND INVENTORYInventory items whose demand levels are beyond a company’s complete control.
- 10INVENTORYAccording to APICS, “those stocks or items used to support production (raw materials and work-inprocess items), supporting activities (maintenance, repair, and operating supplies) and customer service (finished goods and spare parts).”
- 11INVENTORY DRIVERSBusiness conditions that force companies to hold inventory.
- 12INVENTORY TURNSCost of goods sold divided by average inventory.
- 13PERIODIC REVIEW SYSTEMAn inventory system that is used to manage independent demand inventory. The inventory level for an item is checked at regular intervals and restocked to some predetermined level.
- 14REORDER POINTin a continuous review system the level of stock that triggers a reorder of a predetermined quantity of stock. ROP = ddLT (demand during Leadtime)
- 15SAFETY STOCKExtra inventory that a company holds to protect itself against uncertainties in either demand or replenishment time.
- 16SMOOTHING INVENTORYInventory that is used to smooth out differences between upstream production levels and downstream demand.
- 17TRANSPORTATION INVENTORYInventory that is moving from one link in the supply chain to another.
- 18WEEKS OF SUPPLYInventory investment divided by weekly COGS
Informationen
- Beschreibung
- Karteikarten am Unit 7, erstellt von sara berisha am 17/08/2019.
- Erstellt von
- sara berisha
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