A | B |
Agile supply Chain | Focuses on an organization's ability to respond to changes in demand with respect to volume and variety. |
Deregulation | reduction of economic regulation in the U.S. airfreight, railroad, and trucking industries allowing individual carriers flexibility in pricing and service. |
Power Retailer | Retailers that are characterized by large arket share and low prices |
Cost Trade-offs | Changes to one logistics activity cause some costs to increase and others to decrease |
Inbound Logistics | The movement and storage of materials into a firm. |
Radio-frequency identification (RFID) | The use of radio frequency to identify objects that have been implanted with an RFID tag |
Information | A body of facts in a format suitable for decision making. |
Logistics | The part of the supply chain that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption. |
Perfect Orders | An order that simultaneously achieves relevant customer metrics. |
Supply Chain Management | it encompasses the planning and management of all activities involved in sourcing and procurement, conversion and all logistics management activities. |