1
( 3 words) A measure which is of strategic importance to a company or department.
2
(2 words) The warehouse facility which holds inventory from manufacturing pending distribution to the appropriate stores.
3
( 2 words) The management function that attempts to ensure that the goods or services in a firm manufacturers or purchases meet the product or service specifications.
5
( 2 words) Starting with unprocessed raw materials and ending with the final customer using the finished goods, the supply chain links many companies together
6
( 3 words) A laser identifies the bin for the next item in the rack; when the picker completes the pick, the bar code is scanned and the system then points the laser at the next bin.
7
--------- Improvement (CI): A structured, measurement-driven process that continually reviews and improves performance.
9
Raw materials, work in process, finished goods, and supplies required for creation of a company's goods and services. The number of units and/or value of the stock of goods held by a company.
11
To utilize a third party provider to perform services previously performed in house.
12
The process of a transportation vehicle returning from the original destination point to the point of origin.
13
------ logisctis : The management of materials from suppliers and vendors into production processes or storage facilities.
14
The operations involved in pulling products from storage areas to complete a customer order.
15
--------- logictis : A specialized segment of logistics focusing on the movement and management of products and resources after the sale and after delivery to the customer. Includes product returns for repair and/or credit.
16
Cross ------- : A distribution system in which merchandise received at the warehouse or distribution center is not put away, but instead is readied for shipment to retail stores.
