Planning-
Is a supply chain management process of forecasting or predicting the demand
What is Demand Planning?
Process of finding and vetting for the suppliers.
What is Sourcing?
Process of producing final goods with the help or machinery, men, raw materials, chemicals and tools.
What is Manufacturing?
Use of trucks and cargo vans
What is Land or Road Transportation?
Merlion is the national symbol of this city-estate and largest transshipment port in the world.
What is Singapore?
The objective is to balance supply and demand in a manner that achieves the financial and service objectives of the business.
What is Supply Planning?
The process of finding and acquiring the goods and services the company needs to fulfill its business model.
What is Procurement?
When a facility manufactures specific groups of pieces or completed products in a small preset batch sizes
What Batch Production Method?
Government agency which has the supervision and control on all import and export cargoes.
What is the Bureau of Customs?
Number of years a company have to store its accounting books and records under BIR ruling.
What is 10 years?
Originated in Japan. The method allows the companies to save significant amount of money and reduce waste.
What Just-ln-Time?
Process the invoice by matching the invoice against an approved PO.
What is the Accounts Payable Team?
Are usually almost fully automated, requiring only a minimal amount of staff to monitor the process and perform random quality checks.
What Mass Production Method?
Is the inbound and outbound flow of goods.
What is transport or logistics?
Installed the first moving assembly line for the mass production of an entire automobile.
Who is Henry Ford?
Refer to raw materials, finished goods available for sale, components being used for production or items in the process of being manufactured
What is Inventory?
Getting the approval of this document from the internal department that controls finances to purchase your goods or services.
What is Purchase Requisition?
The process of making an output that is meant for consumption with the help of various resources.
What is Production?
Provides a central location for receiving, storing and distributing raw materials or finished goods.
What is Warehousing?
A widely-used terms of sale, are a set of 11 internationally recognized rules which define the responsibilities of sellers and buyers.
What is Incoterms?
Seeks to ensure that the right amount of inventory is ordered per batch
What is Economic Order Quantity EOQ?
If there are no contracts involved, this document is considered legally binding documents.
What is Purchase Order?
This method is used in highly specialized products.
What is Job Production Model?
Not a formal mode of transportation but it is important to acknowledge for its importance in the current fossil fuel market.
What Pipeline?
The most popular, the most frequently used, and the most in-demand mode of transportation.
What is Land or Road Transportation?