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5 Cards in this Set
- Front
- Back
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business process
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a series of steps that are followed in order to carry out some task in a business
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value chain
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consists of the major business functions that add value to a company's products and services
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lean thinking model
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a five step management approach that organizes resources such as people and machines around the flow of business processes and that pulls units through these processes in response to customer orders
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just in time
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a production and inventory control system in which materials are purchased and units are produced only as needed to meet actual customer demand
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supply chain management
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commonly used to refer to the coordination of business processes across companies to better serve end consumers
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