Study

4MCI

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  • the process of replacing supplies that have been used, or putting new supplies into something
    replenishment
  • materials that are purchased by a company to be processed or manufactured
    raw materials
  • a complete list of materials or products in stock
    inventory
  • a kind of production run where a small quantity of product is made often
    short run
  • materials that have been processed in some way, but are not finished
    work in progress
  • the period of time from when a customer places an order to when a customer gets the order
    lead time
  • the number of items in a batch
    lot size
  • products sent to the seller with the agreement that payment will be made to the manufacturer only when the items are sold
    consignment
  • materials that are in transit, off-site, or held by a seller on consignment
    distribution inventory
  • a kind of production run where a large quantity of goods are made over a long period of time
    long run
  • the process of buying or using products
    consumption