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A test might not appear to be a good test of intelligence and yet it might do a very good job of predicting how well someone does in school. That is, this test
Bullwhip Effect
A phenomenon in supply chains where variations in demand cause progressively larger variations in supply, leading to inefficiency and excess inventory.
Distributer
A company or individual responsible for the movement of goods from a manufacturer to the point of sale, usually adding value through storage, transportation, and marketing.
Large Order
A request for a significantly large quantity of goods or services.
Postponement
A supply chain strategy that delays the final activities in the production process (such as assembly, packaging, or shipping) until the latest possible time to reduce inventory and increase customization.
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