Friday, 10 May 2024, 8:50 PM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
R
RefutingRefuting – offering ideas which are opposed to another person’s statement. |
Relationship HierarchyRelationship hierarchy is the levels of a relationship, it is a system in which members of the relatioship is ranked according to relative status or authority. |
Relationship StagesKAM is concerned with managing the relationship with the customer, with the goal being business development, and making profit for the company. Hence, it is important to understand these relationships, and to understand the hierarchy of different relationship levels. Relationship stages refere to the level of the relationship; Basic Cooperative, interdependent or integrated. |
Relative PricesRelative prices are prices expressed in term of another, example the price of coffee is double the price of tea. |
Relevant CostsRelevant costs – costs appropriate to aiding the decision making process. |
RentRent is payment for natural resources, example land. |
Rent ControlRent control is a maximum rental that tenants may be charged. |
Reorder PointReorder point – is the level of stock at which a replenishment order should be placed. |
Repo RateRepo rate is the interest rate associated with the sale and buy-back of repos (financial assets) between banks and the reserve bank. |
Resource AllocatingThis is the process of assigning resources to a task, client etc. |