1. Supply Chain Management ANS >>> The design, planning, execution, control,
and mon- itoring of supply chain activities with the objective of creating net value,
building a competitive infrastructure, leveraging worldwide logistics, synchronizing
supply with demand, and measuring performance globally
2. Value Chain Analysis ANS >>> An examination of all links a company uses to
produce and deliver its products and services, starting from the origination point
and contin- uing through delivery to the final customer.
3. Risk Management ANS >>> The identification, assessment, and prioritization of
risks fol- lowed by coordinated and economical application of resources to
mailto:https://www.stuvia.com/en-us/user/techgrades
, minimize, monitor, and control
4. Operations Management ANS >>> The planning, scheduling, and control of the
activities that transform inputs into finished goods and services
5. Materials Management ANS >>> The grouping of management functions
supporting the complete cycle of material flow
6. Manufacturing Planning and Control (MPC) ANS >>> High-level planning,
master scheduling, material requirements planning (MRP), and execution control
along with the related check on available capacity
7. Strategic Plan ANS >>> The plan for how to marshal and determine actions to
support the mission, goals, and objectives of an organization
8. Business Plan ANS >>> A statement of long-range strategy and revenue, cost,
and profit objectives usually accompanied by budgets, a projected balance sheet,
and a cash flow statement
9. What if Analysis ANS >>> The process of evaluating alternate strategies by
answering the consequences of changes to forecasts, manufacturing plans,
inventory levels, and so forth
10. Tactical Plan ANS >>> The set of functional plans (sales plan, production plan,
mailto:https://www.stuvia.com/en-us/user/techgrades
, marketing plan) synchronizing activities across functions that specify production
levels, capac- ity levels, staffing levels, funding levels, for achieving the
intermediate goals and objectives to support the organization's strategic plan
11. Balanced Scorecard ANS >>> A list of financial and operational measurements
used to evaluate organizational or supply chain performance
12. Participative Design/Engineering ANS >>> The simultaneous participation
of all the functional areas of the firm in the product design activity
13. Manufacturing Process ANS >>> The series of operations performed upon
material to convert it from the raw material or a semi-finished state to a state of
further completion
14. Manufacturing Philosophy ANS >>> The set of guiding principles, driving
forces, and ingrained attitudes that helps communicate goals, plans, and policies
to all employ-
mailto:https://www.stuvia.com/en-us/user/techgrades
and mon- itoring of supply chain activities with the objective of creating net value,
building a competitive infrastructure, leveraging worldwide logistics, synchronizing
supply with demand, and measuring performance globally
2. Value Chain Analysis ANS >>> An examination of all links a company uses to
produce and deliver its products and services, starting from the origination point
and contin- uing through delivery to the final customer.
3. Risk Management ANS >>> The identification, assessment, and prioritization of
risks fol- lowed by coordinated and economical application of resources to
mailto:https://www.stuvia.com/en-us/user/techgrades
, minimize, monitor, and control
4. Operations Management ANS >>> The planning, scheduling, and control of the
activities that transform inputs into finished goods and services
5. Materials Management ANS >>> The grouping of management functions
supporting the complete cycle of material flow
6. Manufacturing Planning and Control (MPC) ANS >>> High-level planning,
master scheduling, material requirements planning (MRP), and execution control
along with the related check on available capacity
7. Strategic Plan ANS >>> The plan for how to marshal and determine actions to
support the mission, goals, and objectives of an organization
8. Business Plan ANS >>> A statement of long-range strategy and revenue, cost,
and profit objectives usually accompanied by budgets, a projected balance sheet,
and a cash flow statement
9. What if Analysis ANS >>> The process of evaluating alternate strategies by
answering the consequences of changes to forecasts, manufacturing plans,
inventory levels, and so forth
10. Tactical Plan ANS >>> The set of functional plans (sales plan, production plan,
mailto:https://www.stuvia.com/en-us/user/techgrades
, marketing plan) synchronizing activities across functions that specify production
levels, capac- ity levels, staffing levels, funding levels, for achieving the
intermediate goals and objectives to support the organization's strategic plan
11. Balanced Scorecard ANS >>> A list of financial and operational measurements
used to evaluate organizational or supply chain performance
12. Participative Design/Engineering ANS >>> The simultaneous participation
of all the functional areas of the firm in the product design activity
13. Manufacturing Process ANS >>> The series of operations performed upon
material to convert it from the raw material or a semi-finished state to a state of
further completion
14. Manufacturing Philosophy ANS >>> The set of guiding principles, driving
forces, and ingrained attitudes that helps communicate goals, plans, and policies
to all employ-
mailto:https://www.stuvia.com/en-us/user/techgrades
