Saturday, 4 May 2024, 7:02 PM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
Organisational LearningOrganizational learning is the process by which an organization improves itself over time through gaining experience and using that experience to create knowledge. The knowledge created is then transferred within the organization. |
Implementation RolesDeciding what should happen in an account and making sure it is delivered, making appropriate strategies and plans, having a deep understanding of the customer Implementation Roles, Expert in the customer, Value developer,Point of accountability |
Facilitation RolesThe facilitation role takes a decision or plan into effect; execution - make it happen. |
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. |
MotivatorsSomething that provides a reason or stimulus to do something. |
Capital GoodsCapital goods are goods used in the production of consumer goods, example machinery. |
Ceteris ParibusCeteris paribus is a Latin term which means “all other things being equal” |
ChoiceChoice exists in every decision made in the economy and refers to accepting one option over another. |
Consumer GoodsConsumer goods are goods purchased by households, example bread. |