SUPPLY CHAIN MANAGEMENT

2. the ability to make a product to exactly fit customer needs.
4. when a corporations offers to deliver a product or service faster than a competitor.
5. the processes associated with identifying material and service needs, locating and selecting suppliers. etc
7. defines the markets, products, and target customers and sets both short term and long term objectives for the company.
9. quality term describing a product or service that clearly is better than another in one or more aspects.
10. QUALITY meeting the product specifications and promises made to customers with the high reliability.
11. the function that plans, implements, and manages the efficient, effective flow and storage of goods and services.
15. an operation that provide a product or services that is less expensive than similar products or services offered by competitors.
17. the relative rankings of what the company would like to achieve.
20. is often the first thing that the companies think of when they are developing an operations strategy.
21. (DECISIONS) longterm, high capital investment decisions that occur less frequently but have a lasting impact on theorganization.
22. keeping products in a standard format and then adding unique components for the individual customer at the last possible moment.
25. (STRATEGIES) specify the core goals of areas such as operations, marketing, finance IT, RS&D and so on.

1. an abbreviation that encompasses the planning and management of all activities involved in the procurement, conversion and logistics of the products.
3. the process in which products are produce in high volume at roughly the same cost as standard products.
6. (DECISIONS) decisions that are short term, more frequent less capital intensive and easier to change or modify.
8. its an abbreviation that means a network of hospitality organizations engaged in different activities including the supply of various components of hospitality products.
12. it may not involve the movement of materials but involves the design of interlinked operations.
13. (CAPABILITIES) the relative effectiveness that the company is able to actually achieve.
14. all value-added physical and intangible items that an organization provides to the customer.
16. (DELIVERY) delivering a product when promised, but not necessarily quickly.
18. statement that defines why a company exists.
19. (FLEXIBILITY) the ability to adjust production volume either up or down to meet fluctuations in demand.
23. a network of organization that work together to convert and move goods from th raw materials stage to the end user
24. the ability to handle a wide range or assortment of products without undue costs.