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Terms in this set (80)Core: Sets with similar termsWhat defines recommends and six flexible supply chain strategy is based on an organizations operations and resources?Supply Chain Optimization: Defines, recommends, and sets flexible supply chain strategies based on organization's operations and resources.
What is a metric that represents the total net profit a company makes from any given customer?In marketing, customer lifetime value (CLV) is a metric that represents the total net profit a company makes from any given customer.
What is the ability to view all areas up and down the supply chain in real time?Supply chain visibility is the ability to view all areas up and down the supply chain. Bullwhip effect occurs when distorted products demand information passes from one entity to the next through the supply chain.
What is the management of information flows between and among activities in a supply chain to maximize total supply chain effectiveness and corporate profitability?Supply chain management (SCM) involves the movement of products and services from suppliers to distributors. SCM involves the flow of information and products between and among supply chain stages to maximize profitability.
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