SUPPLY CHAINS, DEMAND MANAGEMENT, AND FORECASTING

English → English · 6 words

English	English
What is Supply Chain Management	The design, planning, execution, control, and monitoring 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.
What is keiretsu	A form of cooperative relationship among companies in Japan where the companies largely remain legally and economically independent, even though they work closely in various ways such as financial backing. A member of [this] generally owns a limited amount of stock in other member companies. [It] generally forms around a bank and a trading company, but "distribution" (supply chain) alliances [of this type] have been formed of companies ranging from raw material suppliers to retailers.
What is Supply Chain	The global network used to deliver products and services from raw materials to end customers through an engineered flow of information, physical distribution, and cash.
Who are Stakeholders	People with a vested interest in a company, including managers, employees, stockholders, customers, and suppliers.
What is Service Industry?	1) In its narrowest sense, an organization that provides an intangible product (e.g., medical or legal advice). 2) In its broadest sense, all organizations except farming, mining, and manufacturing. Includes retail trade; wholesale trade; transportation and utilities; finance, insurance, and real estate; construction; professional, personal, and social services; and local, state, and federal governments.
What is Macro Environment	The environment external to a business including technological, economic, natural, and regulatory forces that marketing efforts cannot control.