Question 4 Please match the concept on the left with most appropriate term on the right The flow and storage of goods, services, and related information from production to consumption. Read Answer Items for Question 4 Electronic exchange of information between customers and suppliers instead of paper transactions. Read Answer Items for Question 4 A statement of the time required on each resource needed to produce a product. Read Answer Items for Question 4 Applied to any business situation, this answers two basic questions-when to order and how many to order. In the supply chain, the question of \"where\" must also be answered. Read Answer Items for Question 4 Inventory that consists of items consumed in the day-to-day activities of a business. Read Answer Items for Question 4 Holding inventory received from suppliers in warehouses until it is needed by retailers. Read Answer Items for Question 4 How often you must produce in order to meet demand. Read Answer Items for Question 4 Anything that inhibits a system\'s progress toward its goals. Read Answer Items for Question 4 The quantity produced at a work center before changing over to produce something else. Read Answer Items for Question 4 A buffer of inventory that will keep a resource busy for a specified amount of time. Read Answer Items for Question 4 The per cent of orders satisfied from existing inventory. Read Answer Items for Question 4 Utilizes a combination whatever modes are best to move goods from origin to destination. Read Answer Items for Question 4 An aggregate planning approach that uses inventory stored from period to period to reduce the need to change the output rate as demand changes. Read Answer Items for Question 4 Answer A. Level production B. Takt time C. Electronic data interchange (EDI) D. Consolidation warehousing E. Inventory management F. Constraint G. Production batch H. Integrated transport carrier I. Logistics J. Service level K. Time buffer L. Maintenance, repair, & operating inventory (MRO) M. Bill of capacity Solution The flow and storage of goods, services, and related information from production to consumption.- Logistics Logistics is the management of flow of goods, services etc from the origin to the destinations. Electronic exchange of information between customers and suppliers instead of paper transactions.- Electronic Data Interchange Electronic data exchange is defined as exchange of informations electronically. A statement of the time required on each resource needed to produce a product.- Inventory Statement It is statement required everytime when the resource is needed to produce a product. Applied to any business situation, this answers two basic questions-when to order and how many to order. In the supply chain, the question of \"where\" must also be answered.-Production Batch Inventory that consists of items consumed in the day-to-day activities of a business-.Inventory Management Maintenance, Repair & Operating Inventory is the details of t.

1. Question 4
Please match the concept on the left with most appropriate term on the right
The flow and storage of goods, services, and related information from production to
consumption.
Read Answer Items for Question 4
Electronic exchange of information between customers and suppliers instead of paper
transactions.
Read Answer Items for Question 4
A statement of the time required on each resource needed to produce a product.
Read Answer Items for Question 4
Applied to any business situation, this answers two basic questions-when to order and how
many to order. In the supply chain, the question of "where" must also be answered.
Read Answer Items for Question 4
Inventory that consists of items consumed in the day-to-day activities of a business.
Read Answer Items for Question 4
Holding inventory received from suppliers in warehouses until it is needed by retailers.
Read Answer Items for Question 4
How often you must produce in order to meet demand.
Read Answer Items for Question 4
Anything that inhibits a system's progress toward its goals.

2. Read Answer Items for Question 4
The quantity produced at a work center before changing over to produce something else.
Read Answer Items for Question 4
A buffer of inventory that will keep a resource busy for a specified amount of time.
Read Answer Items for Question 4
The per cent of orders satisfied from existing inventory.
Read Answer Items for Question 4
Utilizes a combination whatever modes are best to move goods from origin to destination.
Read Answer Items for Question 4
An aggregate planning approach that uses inventory stored from period to period to reduce the
need to change the output rate as demand changes.
Read Answer Items for Question 4
Answer
A. Level production
B. Takt time
C. Electronic data interchange (EDI)
D. Consolidation warehousing
E. Inventory management
F. Constraint
G. Production batch
H. Integrated transport carrier
I. Logistics
J. Service level
K. Time buffer
L. Maintenance, repair, & operating inventory (MRO)

3. M. Bill of capacity
Solution
The flow and storage of goods, services, and related information from production to
consumption.- Logistics
Logistics is the management of flow of goods, services etc from the origin to the destinations.
Electronic exchange of information between customers and suppliers instead of paper
transactions.- Electronic Data Interchange
Electronic data exchange is defined as exchange of informations electronically.
A statement of the time required on each resource needed to produce a product.- Inventory
Statement
It is statement required everytime when the resource is needed to produce a product.
Applied to any business situation, this answers two basic questions-when to order and how
many to order. In the supply chain, the question of "where" must also be answered.-Production
Batch
Inventory that consists of items consumed in the day-to-day activities of a business-.Inventory
Management
Maintenance, Repair & Operating Inventory is the details of the items consumed on day to day
basis.
Holding inventory received from suppliers in warehouses until it is needed by retailers.-
Inventory Management
Inventory Management means holding the inventory until it is needed by the retsilers.
How often you must produce in order to meet demand.-Takt Time

4. Takt Time ensures that there is enough inventory to meet the demand.
Anything that inhibits a system's progress toward its goals.- Bill of Capacity
The quantity produced at a work center before changing over to produce something else.- Level
Production
A buffer of inventory that will keep a resource busy for a specified amount of time-Time Buffer
The per cent of orders satisfied from existing inventory.-Service Level
Service Level is defined as the the percentage of the orders that has been satisfied from the
inventory in hand.
Utilizes a combination whatever modes are best to move goods from origin to destination-
Integrated Transport Carrier
Integrated Transport model is means of transport of goods from origin to the destination.
An aggregate planning approach that uses inventory stored from period to period to reduce the
need to change the output rate as demand changes.-Consolidation Warehousing