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Q&A: Supply Chain Terms

Published January 23, 2014 | By Sunil Wattal

Explain each of the following terms (each student may not attempt more than 3-4 terms to ensure broad participation)

1. Cycle Time

2. Process & Capacity Planning

3. Sourcing

4. Contract manufacturing

5. Inventory Policies

6. Vendor Managed Inventory

7. Distribution Network

8. Transportation

9. Lead Time

10. Lot Sizing

11. Incentive Alignment

12. Revenue Management

13. Demand Forecasting

14. Customization

15. Push/Pull Supply Chains

16. “Last mile problem” in supply chains

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