Supply Chain and Operations Management Glossary (E)
e: The mathematical constant 2.71828182846 useful in computing continuous compounding of interest. e = limit as n goes to infinity of (1 + 1/n)n. For example, if continuous compounding is used at interest rate r per year, then after…
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Data Matrix code: A two-dimensional, laser scanable code used for supply chain purposes by the pharmaceutical and consumer electronics industries. The code is made up of very small black and white squares. Other two dimensional codes include PDF 417…
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Cabotage: Carriage of goods or people between an origin and destination, both in the same state or country, by a carrier not from that state or country. Many states or countries have laws prohibiting such shipments by foreign carriers,…
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B2B: Business to Business. This is a transaction between two businesses. B2C: Business to Consumer. This is a transaction between a business and a consumer. Backhaul: A return trip, carrying goods perhaps at a lower rate, after making the primary delivery….
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This glossary was originally compiled in conjunction with a course on Logistics and Supply Chain Management at the University of Chicago. Entries tend to be arranged according to their abbreviation. Thus, Bill-Of-Material is defined under BOM. The reasoning…
Read More »Business Processes Not Streamlined: Business operates in a fiercely competitive climate
In the conference room are meeting: Clifford (CEO), Christian (CFO), Irene (IT Manager), Simon (Sales Manager), and Peter (Production Manager) The Agenda title: Although it varies from company to company, you might want to examine the following: How…
Read More »Business Processes Not Streamlined: Managers and workers don’t have adequate tools and processes to advance the business
In the conference room are meeting: Clifford (CEO), Christian (CFO), Irene (IT Manager), Simon (Sales Manager), and Peter (Production Manager) The Agenda title: Although it varies from company to company, you might want to examine the following: Have…
Read More »Business Processes Not Streamlined: Current processes don’t help to build value in the relationships with partners, customers, employees
In the conference room are meeting: Clifford (CEO), Christian (CFO), Irene (IT Manager), Simon (Sales Manager), and Peter (Production Manager) The Agenda title: Although it varies from company to company, you might want to examine the following: What…
Read More »Business Processes Not Streamlined: Workflows and business processes are not efficient and integrated
In the conference room are meeting: Clifford (CEO), Christian (CFO), Irene (IT Manager), Simon (Sales Manager), and Peter (Production Manager) The Agenda title: Although it varies from company to company, you might want to examine the following: Do…
Read More »Employees, customers, and partners not interconnected: The business does not have the resources to fully adapt the business management system to its specific requirement
In the conference room are meeting: Clifford (CEO), Christian (CFO), Irene (IT Manager), Simon (Sales Manager), Hanna (HR Manager) The Agenda title: Although it varies from company to company, you might want to examine the following: Are you…
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