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23 Cards in this Set
- Front
- Back
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Competitive Orientation |
A suppliers relation that views negatiations between buyer and seller as zero sum game: what ever one side loses, the other side gains. |
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Project |
An interrelated set of activities with a definate starti g and ending point, which results in a unique outcome for a specific allocation of resources |
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Project Management |
A systemized, phased approach to defining, organizing, planning, monitoring, and controlling projects |
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Program |
An interdependent set of projects that have a common strategic purpose |
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Critical Parh Method (CPM) |
A network planning method developed in the 1950s as a means of scheduling maintenance shut downs at chemical processing plants. *longest process |
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Precedence Relationship |
A Relationship that determines a sequence for undertaking activities, it specifies that one activity cannot start until a preceding activity is completed |
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Causal Methods |
A quantitative forecasting method that uses data on independent variables, such as promotional campaigns, economic conditions and competitors actions to predict demand |
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Time-series analysis |
A statistical approach that relies heavily on historical demand data to project the future size of demand and recognize trends and seasonal patterns |
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Chase Strategy |
A strategy that involves hiring and laying off employees to match the demand forecast |
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Level strategy |
A strategy that keeps the workforce constant but varies its utilization via overtime, under time, and vacation planning to match the demand forecast |
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Mixed strategy |
A strategy that considers the full range of supply options |
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Resource Planning |
A process that takes sales and operation plans; processes information in the way of time standards, routines, and other information on how services or products are produced and then plans the input requirements |
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Dependent demand |
The demand for an item that occurs because the quality required varies with the production plans for other items held in the firms inventory |
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Master production Schedule (MPS) |
A part of the material requirement plan that details how many end items will be produced within a specified period of time |
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Make to Stock (MTS) |
The product is built to a sales forecast and sold to the customers from a finished goods stock |
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Assemble to Order |
The product is built from customer specifications from a stock of existing components |
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Make to Order (MTO) |
The product is based on a standard design however components produced and manufacture of the final product is linked to customer specifications |
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Design to Order (DTO) |
The product is designed and built entirely to the customers specifications |
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Backwards intergration |
A firms movement upstream towards the source of raw materials, parts, and services through acquisitions |
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Forward intergration |
Acquiring more channels of distribution centers and retail stores or even business customers |
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Bullwhio effect |
The phenomenon in supply chains where by ordering patterns experience increasing variance as you proceed upstream in the chain |
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SCOR Model |
A framework that focuses on a basic supply chain of plan, source, make, deliver and return processes, repeated again and again along the supply chain |
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Concurrent engineering |
A concept that brings product engineers, process engineers, marketers, buyers, information specialists, quality specialists and supplies together to design a product and the processes that will meet customer expectations |
