The raw materials, work-in-process goods and completely finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Anyone who provides goods or services to a company or individuals.

Often manufactures inventoriable items, and sells those items to a customer.

The process of preparing or sending invoices.

The management of inventory in motion and at rest.

The consumers desire for a product or service

Entity that makes a good through a process involving raw materials, components, or assemblies, usually on a large scale with different operations divided among different workers.

The process of finding suppliers of goods or services.

Any device used to move an item from one location to another. Common forms of transportation include planes, trains, automobiles, and other two-wheel devices such as bikes or motorcycles.

The movement of goods and services from the source through a distribution channel, right up to the final customer, consumer, or user, and the movement of payment in the opposite direction, right up to the original producer or supplier.

The path through which goods and services travel from the vendor to the consumer or payments for those products travel from the consumer to the vendor.

Distributors/Wholesalers

An entity that buys noncompeting products or product lines, warehouses them, and resells them to retailers or direct to the end users or customers.

Economic, procedural, regulatory, or technological factors that obstruct or restrict entry of new firms into an industry or market.

A business or person that sells goods to the consumer.

A charge paid for carriage or transportation of goods by air, land, or sea.

Performance of administrative and physical functions associated with storage of goods and materials.

System of computing cost of production or of running a business, by allocating expenditure to various stages of production or to different operations of a firm.

Consisting of several individual small and different sized items, loads, or units.

Basic substance in its natural, modified, or semi-processed state, used as an input to a production process for subsequent modification or transformation into a finished good.

Bargaining (give and take) process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an agreement to settle a matter of mutual concern or resolve a conflict.

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Supply Chain

Term	Definition
Inventory/Stock	The raw materials, work-in-process goods and completely finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.
Supplier	Anyone who provides goods or services to a company or individuals.
Vendor	Often manufactures inventoriable items, and sells those items to a customer.
Biling	The process of preparing or sending invoices.
Logistics	The management of inventory in motion and at rest.
Demand	The consumers desire for a product or service
Manufacturer	Entity that makes a good through a process involving raw materials, components, or assemblies, usually on a large scale with different operations divided among different workers.
Sourcing	The process of finding suppliers of goods or services.
Transportation	Any device used to move an item from one location to another. Common forms of transportation include planes, trains, automobiles, and other two-wheel devices such as bikes or motorcycles.
Distribution	The movement of goods and services from the source through a distribution channel, right up to the final customer, consumer, or user, and the movement of payment in the opposite direction, right up to the original producer or supplier.
Distribution Channel	The path through which goods and services travel from the vendor to the consumer or payments for those products travel from the consumer to the vendor.
Distributors/Wholesalers	An entity that buys noncompeting products or product lines, warehouses them, and resells them to retailers or direct to the end users or customers.
Barriers to Entry	Economic, procedural, regulatory, or technological factors that obstruct or restrict entry of new firms into an industry or market.
Retailers	A business or person that sells goods to the consumer.
Freight	A charge paid for carriage or transportation of goods by air, land, or sea.
Warehousing	Performance of administrative and physical functions associated with storage of goods and materials.
Costing	System of computing cost of production or of running a business, by allocating expenditure to various stages of production or to different operations of a firm.
Break Bulk	Consisting of several individual small and different sized items, loads, or units.
Raw Materials	Basic substance in its natural, modified, or semi-processed state, used as an input to a production process for subsequent modification or transformation into a finished good.
Negotiation	Bargaining (give and take) process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an agreement to settle a matter of mutual concern or resolve a conflict.

Created by: b.mason

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