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Supply Chain Vocabulary

Supply Chain Vocabulary

Assessment

Flashcard

Business

University

Practice Problem

Hard

Created by

Trúc Nguyễn

FREE Resource

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9 questions

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1.

FLASHCARD QUESTION

Front

Supply chains

Back

The network of organizations, people, activities, information, and resources involved in producing and delivering a product or service from supplier to customer.

2.

FLASHCARD QUESTION

Front

Supply chain management

Back

The process of overseeing and controlling the flow of goods, information, and finances across the supply chain to ensure efficiency and profitability.

3.

FLASHCARD QUESTION

Front

Subcontractor

Back

A person or company hired by a main contractor to perform a specific task or part of a larger project.

4.

FLASHCARD QUESTION

Front

Bear the extra cost

Back

To be responsible for paying additional expenses beyond the original budget.

5.

FLASHCARD QUESTION

Front

Holding stock

Back

Keeping goods in storage until they are needed for production or sale.

6.

FLASHCARD QUESTION

Front

A formal appliance

Back

An official request, form, or tool used for a particular process (often in business or legal contexts).

7.

FLASHCARD QUESTION

Front

Equity stake

Back

The share of ownership in a company, often expressed as a percentage.

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