Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
unit 5
unit 5 vocab
| Purchasing | business or organization attempting for acquiring goods or services to accomplish the goals of the enterprise |
| Inventory Control | the supervision of supply, storage and accessibility of items in order to ensure an adequate supply without excessive oversupply |
| Quality Control | a process by which entities review the quality of all factors involved in production. |
| Logistics | the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers |
| Operations | support system |
| Electronic Data Interchange | the structured transmission of data between organizations by electronic means |
| Flexible Manufacturing System | a manufacturing system in which there is some amount of flexibility that allows the system to react in the case of changes, whether predicted or unpredictable |
| Computer-Aided Manufacturing | the use of computer software to control machine tools and related machinery in the manufacturing of workpieces |
| Material Requirements Planning | a production planning and inventory control system used to manage manufacturing processes |
| Enterprise Resource Planning | systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. |
| Product planning | s the ongoing process of identifying and articulating market requirements that define a product's feature set |
| Procurement | the acquisition of goods or services |
| Technical Data Management Systems | the management of technical and engineering drawings and documents |
| Purchase Order | a commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services |
| Sealed Bid | a form of auction where bidders submit one bid in a concealed fashion |
| Dutch auctions | a type of auction where the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the price |
| Reverse auctions | type of auction in which the roles of buyers and sellers are reversed |
| Vendor | or a supplier, is a supply chain management term meaning anyone who provides goods or services to a company |
| Commitment | Contract, a legally binding exchange of promises |
| Over-commitment | to bind or obligate beyond the capacity for realization |
| Compartmentalization | the act of splitting an idea or concept up into parts, and trying to enforce thought processes which are inhibiting attempts to allow these parts to mix together again |
| Employee benefits | |
| Employee relations | Employee relations’ is a common title for the industrial relations function within personnel management and is also sometimes used as an alternative label for the academic field of industrial relations |
| Compensation | something given or received as an equivalent for services |
| Staffing | may refer to: Employment agency · Human resources · Recruitment |
Created by:
saburi
Popular Management sets