Sunday, 28 April 2024, 12:47 AM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
R
ResourcesResources are means or inputs used in the production process, example human resources. |
Resources in ProductionResources in production are also known as means or factors of production, which include natural resources, human resources, capital and entrepreneurship. |
Reverse LogisticsReverse logistics is for all operations related to the reuse of products and materials. It is "the process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal. |
RevisingRevising – going through a piece of writing more than once to make corrections or to memorise. |
Reward SchemesReward system refers to all the monetary, non-monetary and psychological payments that an organisation provides for its employees in exchange for the work they perform. |
RewardsA thing given in recognition of service, effort, or achievement. |
Risk ReductionRisk reduction is a planned positive approach to reduce risks. |
S
Sales ForceA Sales Force is a group or division of a business responsible for the selling of the business's products or services. |
ScarcitySomething being in short or limited supply. |
ScheduleSchedule is a table. |