| A | B |
|---|
| Accident | An unexpected happening that may result in injury, loss, or damage. |
| Compliance | Fulfilling the requirements of the law. |
| Hazard | Potential events or situations that can cause injury or harm to people, property or the environment. |
| OSHA | A federal government agency that writes and enforces safety and health standards for businesses. |
| Risk | The possibility of loss (failure) or gain (success). |
| Safety | Freedom from danger, risk, or injury. |
| Daily Average Usage | The number of units sold (or used) on a daily basis. |
| Formula for Reorder Point | Lead Time X Daily Average Usage. |
| Lead Time | The time it takes the supplier or the manufacturing process to provide the ordered units. |
| Purchasing | The buying of goods and services for a business. |
| Purchase Order | The form that a business fills out to order goods. |
| Purchasing Process | The steps taken by a purchasing specialist to buy goods and services for a business. |
| Ship Via | Preferred method of transportation of goods to be received. |
| Vendor | Supplier |
| Production | Making a product or providing a service. |
| Operations | The major ongoing activities of a business. |
| Natural Resources | Resources provided by nature.(trees) |
| Human Resources | The people involved in producing a product. |
| Capital Resources | Buildings, tools, and machines necessary for production |
| Output | The quantity, or amount produced within a given time. |
