The Product Flows
Processes that spans over the entire chain to ensure value is added to the end consumer is what?
What is Value Flow
Consumer
The person who purchases goods and or services for personal usage.
Having a well thought out objective with multiple layers of thought and consideration is on what will be produced and sold is what?
Planning
Procurement
Procurement is one of the first important terms to understand when you think about supply chains. In essence, it is the way that you purchase or acquire raw materials and other things that you need to run your organization. There are really two major types of procurement. You have direct and indirect procurement.
The movement of goods and supplies is what?
What is Product Flow
Wholesaler
The supplier of goods who sell products at low prices and in bulk to mainly retailers.
Having data on the market demand and status of specific aspects of the business is what?
Information
Inventory Management
The focus on flow of funds, cost and investments, and economic aspect of the supply chain is what?
What is The Financial Flows
Retailer
A person who sells goods to the consumers and or customers, sells goods to the public.
To buy raw materials.
Purchase
EDI
Electronic Data Interchange (EDI) is the electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper.
The various uncertainties that can have effects on the internal and external aspects of a business is what?
What is The Flow of Risk
Distributors
The manufacturing of products and goods.
Production
Logistics Management
Logistics management refers to the acquisition, storage and transportation of inventory from its origin to its destination. It involves maintaining the inventory, resources and related information, and getting the goods to the right location at the right time and to the right customer
Managing the diverse details of a business such as pricing, inventory levels, delivery scheduling, and product data is what?
What is The Information Flow.
Producer
The person who takes the time and creates and supplies the goods and or services.
Describes the place where goods are, describes where the factories are.
The Location
Warehouse Management
Warehouse management encompasses the principles and processes involved in running the day-to-day operations of a warehouse. At a high level, this includes receiving and organizing warehouse space, scheduling labor, managing inventory and fulfilling orders.