Examlex
Utilitarian ethics is the ethical principle that focuses on the optimization of the common good.
Utilitarian ethics: Does the action optimize the "common good" or benefits of all constituencies? And who are the pertinent constituencies?
Rights of the parties: Does the action respect the rights of the individuals involved?
Justice or fairness: Does the action respect the canons of justice or fairness to all parties involved?
Supply Chain
The supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.
Buffer Inventory
Inventory kept in reserve to protect against unforeseen supply or demand fluctuations.
Supply Chain Inventory
This is the total of all the goods and raw materials held by different companies participating in the supply chain from production to the sale of the final product.
Physical Flow
The movement of physical goods and materials through a supply chain from suppliers to consumers.
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