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A Web-based marketplace, usually owned by a third party,
that allows members to trade with each other. - ANSWER-Consortia trade
exchange
Any element or factor that prevents a system from achieving a higher level of
performance with respect to its goal. - ANSWER-Constraint
Applications that support the evolutionary life cycle of digitalbased information
and make information dynamically
updatable online. - ANSWER-Content Management
,A graphic comparison of process performance data with
predetermined computed limits. - ANSWER-Control Chart
An accounting classification useful for determining the
amount of direct materials, direct labor, and allocated
overhead associated with the products sold during a given
period of time. - ANSWER-Cost of Goods Sold
The costs associated with providing poor quality products or services. - ANSWER-
Cost of Poor Quality
A selling method that occurs when customers buy additional
products or services after the initial purchase. - ANSWER-Cross-Selling
The longest planned length of time to accomplish the activity
in question. It is found by reviewing the lead time for each bill
of material path below the item; whichever path adds up to the
greatest number defines cumulative lead time. - ANSWER-Cumulative Lead-time
A marketing philosophy based on putting the customer first. - ANSWER-Customer
Relationship Management (CRM).
1) The ability of a company to address the needs of and
inquiries and requests from customers. 2) A measure of the
delivery of a product to the customer at the time the customer
,specifies. - ANSWER-Customer Service
A measure of delivery performance of finished goods, usually expressed as a
percentage. - ANSWER-Customer Service Ratio
1) The interval of time during which a system or process, such
as seasonal demand or a manufacturing operation, periodically returns to similar
initial conditions. 2) The interval of time during which an event or set of events is
completed. - ANSWER-Cycle
An inventory accuracy audit technique where inventory is
counted on a cyclic schedule rather than once a year. - ANSWER-Cycle Counting
The most active component of inventory which depletes
gradually as customer orders are received and is replenished
cyclically when supplier orders are received. - ANSWER-Cycle Stock
1) In materials management, it refers to the length of time
from when material enters a production facility until it exits.
2) In industrial engineering, the time between completion of
two discrete units of production. - ANSWER-Cycle Time
Sifting through a database to find and fix mistakes such as
misspelling, missing information, and false data. - ANSWER-Data Cleansing
1) A catalog of requirements and specifications for an
, information system. 2) A file that stores facts about the files
and databases for all systems that are currently being used or
for the software involved. - ANSWER-Data Dictionary
Hardware or software enabling one device or software
application to transfer data to another device or software
application. - ANSWER-Data Interface Device
A database maintenance term used in the context of relational
databases, which helps to minimize the duplication of
information or safeguard the database against certain types of
logical or structural data anomalies. - ANSWER-Data Normalization
The classification of a group of items in decreasing order of
annual dollar volume (price multiplied by projected volume)
or other criteria. This array is then split into three classes,
called A, B, and C. The A group usually represents 10% to
20% by number of items and 50% to 70% by projected dollar
volume. The next grouping, B, usually represents about 20%
of the items and about 20% of the dollar volume. The C class
contains 60% to 70% of the items and represents about
10% to 30% of the dollar volume. - ANSWER-ABC Classification
An RFID tag which broadcasts information and contains its
own power source. - ANSWER-Active tag