Essential Supply Chain and Operations Terms

Every supply chain and operations student and manager should have a good understanding of these essential terms. These are marked with the symbol image at the end of the short definitions in this encyclopedia.

5S

8 wastes

A3 Report

ABC classification

acceptance sampling

Activity Based Costing (ABC)

affinity diagram

appraisal cost

assemble to order (ATO)

automation

balanced scorecard

bathtub curve

benchmarking

bill of material (BOM)

bottleneck

break-even analysis

bullwhip effect

capacity

carrying charge

carrying cost

causal map

cellular manufacturing

commodity

commonality

control chart

control plan

core competence ...

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