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Terms in this set (80)Core: Sets with similar termsWhat defines recommends and six flexible supply chain strategy is based on an organizations operations and resources?Supply Chain Optimization: Defines, recommends, and sets flexible supply chain strategies based on organization's operations and resources.
What is the purchasing of goods and services to meet the needs of the supply chain?Procurement includes sourcing, obtaining and paying for goods and services. Supply chain management also covers the logistics involved in obtaining goods, such as shipping and warehouse management, as well as transforming the procured goods into products and distributing them to customers.
What is a metric that represents the total net profit a company makes from any given customer?In marketing, customer lifetime value (CLV) is a metric that represents the total net profit a company makes from any given customer.
What is the ability to view all areas up and down the supply chain in real time?Supply chain visibility is the ability to view all areas up and down the supply chain. Bullwhip effect occurs when distorted products demand information passes from one entity to the next through the supply chain.
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