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What is Key Supply Chain Terms Explained about?
The document defines 24 key terms related to supply chain management. Some of the terms include agile supply chain, which focuses on responding to changes in demand, bullwhip effect which refers to variability in demand orders, and lean supply chain which focuses on eliminating waste. Other terms are supply chain management which encompasses planning, sourcing, logistics, and collaboration, procurement which refers to obtaining materials from outside sources, and total cost of ownership which considers all
- Author
- Michelle Cantu
- Language
- EN