Information Flows

Jan 19, 2011

Promotions

One of the four P’s (product, price, place, and promotion) that constitute the set of tools used to direct the business offering to the customer. Promotion is the mechanism whereby…

Jan 19, 2011

Cost System Design

An intelligent cost system design is one that is simple while still providing managers with information they need to make decisions. As most manufacturing processes were labor intensive at the…

Jan 19, 2011

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…

Jan 19, 2011

Cost Management

In terms of activity-based cost accounting, cost management involves control of activities to eliminate waste, improve cost drivers, and plan operations. This process should influence the organization’s strategy setting process.…

Jan 19, 2011

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…

Jan 19, 2011

Standard/Compatibility

1) An established norm against which measurements are compared. (APICS 10th ed.) 2) The Internet has transformed supply chain management into something closer to an exact science. However for information…

Jan 19, 2011

Market Analysis

See: Business-to-Business, Channel Management, Customer Relationship Management (CRM), Customer Value, Promotions

Jan 19, 2011

Inventory Management Systems

Software applications that permit monitoring events across a supply chain. These systems track and trace inventory globally on a line-item level and notify the user of significant deviations from plans.…

Jan 19, 2011

Capacity Requirements Planning

The function of establishing, measuring, and adjusting limits or evels of capacity. The term capacity requirements planning in this context refers to the process of determining in detail the amount…

Jan 19, 2011

Logistics Information Systems

Converting data to information, portraying it in a manner useful for decision making, and interfacing the information with decision-assisting methods are considered to be at the heart of an information…