Examlex
The first step in the cycle of customer satisfaction is to get into the mind of the customer to identify customer __________ and __________.
Local Optimization
Focusing on improving or optimizing a specific part of a system or process, without necessarily benefiting the system as a whole.
Pull Data
Accurate sales data that initiate transactions to “pull” product through the supply chain.
Vendor-managed Inventory
A supply chain initiative where the supplier is responsible for managing and replenishing inventory based on agreed levels at the customer's location.
Vertical Integration
The strategy of extending a company's operations within its value chain, either backwards into producing raw materials or forward into distribution and sales.
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