Chapter 10 – Extending the Organization: Supply Chain Management – Flashcards
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Supply Chain Visibility
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The ability to view all areas up and down the supply chain in real time.
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Bullwhip Effect
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Occurs when distorted product demand information ripples from one partner to the next throughout the supply chain.
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Demand Planning Software
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Generates demand forecasts using statistical tools and forecasting techniques.
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Supply Chain Planning (SCP) Software
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Uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain while reducing inventory.
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Supply Chain Execution (SCE) Software
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Automates the different steps and stages of the supply chain.
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Radio Frequency Identification (RFID)
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Technologies use active or passive tags in the form of chips or smart labels that can store unique identifiers and relay this information to electronic readers.
