Sunday, 5 May 2024, 10:26 AM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
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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. |
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. |