Supply Chain/Economics

track physicalstatus of goods, managementmaterials, & financial informationinvolvingall parties

reduction of the general level of prices in an economy

Who is involved in international shipment?

This is the founding block of economics

Whenever the demand of a product increases price

Supply Chain Mgmt oversight of materials, information& finances as they move in a process from

involves transmitting orders and updating the status of delivery

use advanced algorithms to determine the best way to fill an order

series of customers’ interactions with organization including product design, delivery

developed an internalsingle marketthrough a standardizedsystem of laws that apply in all states

the part of economics concerned with single factors and the effects of individual decision

a complete list of items such as property, goods in stock, or the contents of a building.

detailed coordination of a complex operation involving many people, facilities, or supplies.

disciplined, data-driven approach and methodology for eliminating defects in any process

predict sales & use of products forpurchased or manufacture in appropriatequantities in advance

establish, measure, monitor, & adjust limits or levels of capacityto execute shipping schedules

credit terms, payment schedules, and consignment and title ownership arrangements

agreement between two/more firms to risk equity capital to attempt specific business objective

There are two main types of SCM software

Whenever supply of something increases its price --?

management of the flow of goods and services. Includes the movement, storage of raw materials

Business being conducted over the Internet between businesses

GDP stands for?

process relatedto the storage/movement of thefinal product from end ofproduction line toend use

Whenever you have more of something its use for you diminishes

measure of how much a bunch of products have increased in price from last year

concerned W/large-scale general economic factors, such as interest rates& national productivity

Means that -- percent of your outcomes come from -- percent of your inputs

When you loan money to somebody, you expect something extra in return

route, from raw materials through consumption, along which products travel

-- should clearly state what you are buying and its cost?

Issues with currency conversion add complexity to the global sourcing process

B2B stands for?

process wherepartners adopt a high level ofcooperationto maintain trading relationship overtime

movement of goods from supplier to customer, as well as any customer returns or service needs

agreement between two or morepersons or companies to perform/not perform specific acts/services

Supply chain management flows can be divided into three main flows (Except)?

Approximately 30 million businesses in the USA today.*These Corporations

process of combining various material in order to make something for consumption