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Kuptsova_Volynets_Kozlova_Angliyskiy_dlya_menedzherov_i_logistov (1).docx
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      1. Match definitions 1- 10 with terms a- j:

1. A supply of inputs held as a reserve to safeguard against unforeseen shortages or demands

a. Category management 

2. Materials or products which have received the final increments of value through manufacturing or processing operations, and which are being held in inventory for delivery, sale, or use.

b. Strategic sourcing 

3. A retailing and purchasing concept in which the range of products purchased by a business organization or sold by a retailer is broken down into discrete groups of similar or related products.

c. Operational costs

4. Vendor managed inventory arrangement in which either the vendor continuously monitors a customer's inventory or customer supplies current inventory data.

d. Vendor-managed inventory

5. Individual or a group which actually consumes or uses a good or service, as distinct from the buyer or shopper who may only be a purchasing agent.

e. Oder processing

6. An institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company.

f. Buffer Stock

7. The expenses, which are related to the operation of a business, or to the operation of a device, component, piece of equipment or facility.

g. Direct Store Delivery

8. A family of business models in which the buyer of a product (business) provides certain information to a vendor (supply chain) supplier of that product.

h. Ultimate consumer

9. The term is generally used to describe the process or the workflow associated with the picking, packing and delivery of the packed item(s) to a shipping carrier.

i. Continuous replenishment

10. A business process that manufacturers use to both sell and distribute goods directly to point of sales or point of consumption.

j. Finished goods

      1. Match the words from two columns to form a phrase.

  1. strategic

  1. consumer

  1. order

  1. register

  1. ultimate

  1. charges

  1. in-process

  1. logistics

  1. cash

  1. sourcing

  1. transport

  1. replenishment

  1. tailored

  1. inventory

  1. continuous

  1. fulfillment

      1. Fill in the gaps.

  1. D__ S__ D__ - is a key method of selling and distributing products for a large variety of industries, like food, beverage, home personal care products, and like wholesale and distribution, oil & gas, service industries to name industries beyond consumer products.

  2. As a symbiotic relationship, V__M__I__ makes it less likely that a business will unintentionally become out of stock of a good and reduces inventory in the supply chain.

  3. The main role of a l__ remains the same regardless of where they are stationed; to ensure that the force is supplied with enough food, water, fuel, ammunition and other goods and services to complete the task at hand.

  4. C__ r__ is a mechanical or electronic device for calculating and recording sales transactions, and an attached drawer for storing cash. It also usually prints a receipt for the customer.

  5. The Government does maintain a b__ s__ of certain essential medicines that can be released in emergencies.

  6. Activities involved in managing the details of preparing and receiving a customer order are called o__ p__. It is a key element of Order fulfillment. These operations or facilities are commonly called "distribution centers"

  7. A l__ t__ is the latency (delay) between the initiation and execution of a process. For example, between the placement of an order and delivery of a new car from a manufacturer may be anywhere from 2 weeks to 6 months.

  8. A r__ purchases goods or products in large quantities from manufacturers directly or through a wholesale, and then sells smaller quantities to the consumer for a profit.

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