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Terms & Definitions
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Maintenance See: Preventative Maintenance, Total Product Maintenance (TPM)
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Manufacturing See: Lean Manufacturing, Manufacturing Layout Strategy, Reverse Logistics, Order Management, Scheduling
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Manufacturing Layout Strategy An element of manufacturing strategy. It is the analysis of physical capacity, geography, functional needs, corporate philosophy, and product-market/process focus to systematically respond to required facility changes driven by organizational, strategic, and environmental considerations.
Source: http://www.apics.org/ (10th ed.)
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Market Analysis See: Business-to-Business, Channel Management, Customer Relationship Management (CRM), Customer Value, Promotions
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Material Handling The grouping of management functions supporting the complete cycle of material flow, from the purchase and internal control of production materials to the planning and control of work in process to the warehousing, shipping, and distribution of the finished product.
Source: APICS (8th ed.)
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Negotiation Negotiation is a process of formal communication where two or more people come together to seek mutual agreement over an issue or issues. Negotiation is particularly appropriate when issues besides price are important for the buyer or when competitive bidding will not satisfy the buyer's requirements on those issues.
Source: Monczka, R., Trent, R., & Handfield, R. (1998). Purchasing and Supply Chain Management. Cincinnati, OH: South Western College Publishing.
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New Product Development See: Lead Times/Cycle Times, Supplier Integration in New Product Development
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Operating Policies and Procedures Definitive statements of what should be done in the business, and a formal organization and indexing of a firm’s procedures. They are usually outlined in manuals which are printed and distributed to the appropriate functional areas.
Source: APICS (8th ed.)
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Order management Order management involves the seamless integration of orders from multiple channels with inventory databases, data collection, order processing including credit card verification, fulfillment systems and returns across the entire fulfillment network. For proper execution the process involves real-time visibility into the entire order lifecycle starting from the placement of order and ensuring that orders (SKUs) are not lost, delayed, or corrupted during the fulfillment process. The system may also comply with and support parcel carriers and provide sophisticated, centralized freight management and tracking/tracing capabilities. Clients, Customer service representatives account managers and suppliers will thus have the ability to track real-time inventory levels for each SKU and inquire about order and shipment status via the web – anytime, anywhere.
Source: http://www.apics.org/ (10th ed.)
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Outbound Logistics The process related to the storage and movement of the final product and related information flows from the end of the production line to the end user.
Sources: Christopher, M. (1998). Logistics and Supply Chain Management: Strategies for reducing cost and improving service, (2nd Ed.). New York: Prentice Hall. http://www.esri.com/industries/logistics/glossary.html#f-l
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