SUPPLY CHAIN MGMT- MIDTERM

This is the method of organizing, planning and strategizing when synchronizing the needs of two or more distinct groups, its specific role depends on the type of the product that is being sold

Enabled the hospitality industry to capture, analyze, interpret and store data that has been transmitted from navigation systems such as GPS and make the information available for use

Enabled the food industry to have a greater degree of control and flexibility in handling products that they manufacture or purchase

Is a system of interrelated computing devices, mechanical and digital machines, objects animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network

Refers to the availability of electronic transactions and interactions between the customer (may either be a consumer or a retailer) and the seller (may also be the supplier)   

Refers to any good or service that is produced for sale, trade or internal use

• Procurement

• Purchasing

• Buyer

• Product

Is viewed as a strategic function working to improve a firm or company’s profitability

• Procurement

• Purchasing

• Buyer

• Product

Refers to the buying of goods and services and is also considered a subset of procurement

• Procurement

• Purchasing

• Buyer

• Product

Refers to an individual whose functions may include selecting and negotiating suppliers, placing orders and making follow ups

• Procurement

• Purchasing

• Buyer

• Product

Is a series of interrelated activities and operations involving the design, material selection, planning, production, quality assurance, management and marketing

• Manufacturing

• Operation

• Operation Management

• Production

• Production Management