Distributors deal only in very large quantities providing infrequent deliveries.
A kanban square is a marked area designated for holding a set quantity of output.
Continuous inventory systems often incorporate information technology to improve the
speed and accuracy of data entry and retrieval.
An operating characteristics (OC) curve is a graph that measures the probability of
accepting a lot with no defective items.
Fitting the task to the person in a work environment is known as job analysis.
The adaptation of mass production to emphasize quality and flexibility, rather than
efficiency, is known as lean production.
Information is the essential link for coordination among all supply chain members.
The four primary functional areas of a firm are marketing, finance, operations, and
legal.
The first of five basic steps in strategy formulation is determining a firm’s order winners
and order qualifiers.