by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Abnormal Spoilage?An Abnormal spoilage refers to the excess amount of waste or destruction of inventory beyond the expected level.
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is an Accountability Matrix?An Accountability matrix, also known as a Responsibility Assignment Matrix, Matrix of Responsibilities (MAR), or RACI (for the different types of responsibility), is a project management tool and specifically for the management of...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Certificate of Inspection?A certificate of inspection is a document which certifies the condition of a commodity (especially perishable goods) at the point of analysis or inspection, or prior to shipment. Inspection of goods is generally carried out when...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Certificate of Manufacture?A certificate of manufacture is an authenticated document issued by a producer or a manufacturer that certifies that the product ordered by the buyer has been completed and is being stored by the manufacturer, with all risk borne...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Crowdsourcing?Crowdsourcing refers to obtaining work, data, or input from a large group of persons who generally deliver or submit their work or information via social media platforms, the internet, or any other related means. For example, individuals may...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Channel Conflict?Channel conflict, as the name implies, means that there is some form of conflict in the manner by which a company delivers a value proposition to a customer, client, or end user. It often refers to a situation where a manufacturer bypasses...
