4.2 Inventory Management Flashcards
Flashcard
•
Business
•
12th Grade
•
Easy
Joyce Leong
Used 1+ times
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3 questions
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1.
FLASHCARD QUESTION
Front
Supply chain
Back
refers to all the different stages involved
in making, distributing and selling a good or service, beginning with the material through to the production of parts, through to the distribution and sale of the product.
2.
FLASHCARD QUESTION
Front
Supply chain management
Back
involves managing the flow of
goods and services, and includes the different processes that transform raw materials into final products.
3.
FLASHCARD QUESTION
Front
Lean production
Back
is an approach that continually
seeks to reduce any form of wastage in the production process.
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