1155988
Description
Flashcards by Jimmy Bond, updated more than 1 year ago
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Created by Jimmy Bond
over 9 years ago
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| Question | Answer |
| ABC - Stock classification system | An inventory management system that separates out the most important inventory items. |
| Activity-Based Costing | Where organizations examine in detail the activities they carry out in the production and delivery of a product and identify a number of activities which may be used to apply overhead to products more appropriately |
| Advanced shipment notification | Notification to WMS (Warehouse Management System) of an arriving shipment |
| Aggregated procurement | A method for selecting suppliers based on their capabilities rather than individual suppliers tendering for particular orders |
| Agile | ability to cope with volatility in demand |
| Air trucking | Moving freight by air on some stage of its journey and road for the rest (will apply air freight rates for full journey) |
| Authorized Economic Operator | EU voluntary security initiative which is designed to reflect the US C-TPAT security initiative |
| Automated Guided Vehicle | A mobile robot used to move materials between locations in a warehouse or factory |
| Automatic identification and data capture | Technologies that automatically identify assets and freight, capturing specific data to enable traceability and security amongst other benefits |
| Backshoring | Where a company abandons off-shoring and moves the activities back to the original home market |
| Balance Sheet | A snapshot of the financial position of the organization at that date and consisting of a list of assets and liabilities |
| Balanced scorecard | A tool which seeks to include other factors, and not just financial factors in measuring organization performance |
| Bill of Lading | A document that contains all of the key information in relation to a consignment being transported. |
| Buffer stock | Safety stock |
| Bullwhip Effect | The distortion of orders along the supply chain, where small fluctuations in end customer demand result in amplification of demand upstream |
| Business continuity plan | A documented collection of procedures and information that is developed, compiled, and maintained in readiness for use in an incident to enable an organization to continue to deliver its critical products and services |
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