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Supply Chain and Operations Management Glossary (U)

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UCC (Uniform Commercial Code): a standard set of laws governing commercial transactions (bills of lading, letters of credit, bank deposits, collections, etc.) adopted by all states in the U.S. except Louisiana (it uses a variant of the Napoleonic code). UCC (Uniform Code Council): An industry group to promote multi-industry standards for product identification or bar codes. SeeContinue Reading

Supply Chain and Operations Management Glossary (Q)

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QFD (Quality Function Deployment): A table oriented procedure for converting customer requirements for a product into the features or functions that should be included in the product design. Quantity discount: Pricing policy by which the cost per unit purchased decreases with the quantity purchased. Two main types of discount are: a) “all units”, in which case theContinue Reading