Professional Documents
Culture Documents
NPM : 2211011119
1. inventory or stock is a company’s reserves (F) of raw materials, parts, work in process, and finished
product
2. component is any of the pieces or parts (A) and other facilities used in the production process
3. capacity is the (maximum) rate of output (H) that can be achieved from a production process
4. plant is a collective word for all the buildings, machines, equipment (E) of a factory or other facility
5. location means the geographical situation (I) that make up a product or machine
7. outsourcing means buying product materials (c) from other companies rather than manufacturing
them
8. economies of scale are the cost savings (B) arising from large-scale production
9. lead time is the time needed to perform an activity (D) involved in producing and delivering goods or
a service
1. Sales
A transaction that includes an exchange of services or goods for a certain amount of money is
known as a sale. In other words, any activity that involves transferring the ownership of a good
or commodity to the buyer in exchange for a monetary price is known as a sale.
2. Marketing
Marketing is the activity, set of institutions, and processes for creating, communicating,
delivering, and exchanging offerings that have value for customers, clients, partners, and society
at large
A business unit manager oversees a business unit within their organization. They are responsible
for preparing a budget, as well as overseeing the creation and preparation of market reports
4. Analysts
Supply chain analysis is the process of evaluating every stage of a supply chain starting from the
time the business acquires raw materials or supplies from its suppliers to the delivery of final
products to the customers
5. Purchasing/ Logistics
Purchasing is the part that has the duty and authority to provide materials for production needs
while logistics is part of the supply chain that functions to plan, implement, control effectively
and efficiently the process of procurement, management, storage of goods.
6. Suppliers
Suppliers or suppliers are parties who sell or supply resources in the form of raw materials to
other parties, both individuals and companies, to then be processed into certain goods or
services
7. Manufacturing/Assembely
Manufacturing refers to the process of converting raw materials into finished products through a
series of production operations. Meanwhile, assembly is the process of combining multiple
components and sub-assemblies into a finished product.
8. Warehouse
Warehouse is a facility for storing and managing goods or finished products in large quantities,
with the aim of ensuring consistent and efficient product availability and meeting customer
demands in a timely manner.
9. Transport
Transportation is the activity of sending goods or products from one place to another in the
manufacturing supply chain. Transportation is an important element in the manufacturing supply
chain because it allows products to be sent from manufacturers to those who need them quickly
and efficiently.
10. Customers
Customers are parties who buy products or services from companies in the manufacturing
supply chain. Customers are an important element in the manufacturing supply chain because
the products produced must meet the needs and demands of customers.
Is a point where an item in the warehouse must be added to its inventory before running out of
stock.