It is a potential occurrence of an incident or failure to seize opportunities of supplying the customer in which its outcomes result in financial loss for the whole supply chain.

It is ensuring the availability of goods in right quantity at right price with right quality at the right time.

It is the supplier’s ability to supply the right goods at the right time with correct specifications has to be reviewed.

This organization ensure all of the goods, supplies and inventory needed to operate the business are ordered and kept in stock.

It is the cycles of processes that are essential to get products or services from requisition to purchase order and invoice approval.

It is the time taken from placing an order to fulfilling the order.

It is a stock or store of goods or services, kept for use or sale in the future.

It is the agreement or call-off order which a customer places with its supplier to allow multiple delivery dates over a period of time.

It is used in slow seasons to boost occupancy by dropping base rates.

It is selling the right hotel room, to the right customer, at the right time, for the right price, via the right channel, with the best cost efficiency.

It refers to the amount of inventory you have available throughout your entire distribution network.

This type of resources is consist of labor, scientific and technical personnel.

It can be defined as an approach to judge the performance of supply chain system.

It is the management of the flow of goods and services to make a final product, from the sourcing of raw materials to overseeing the production of the final product.