Unit 5

Question	Answer
What's on-spec	error-free, having the required specifications
What's lead-time	time from placing the order to receiving the delivery
concept brief?	a clear statement describing: form function purpose benefits of a product
feasibility?	can we actually do this: skills, capacity, resources
downside risk	Kehrseite, Schattenseite
standardization	= Normierung restricted variety
a commonality	= Gemeinsamkeit using the same components
time-to-market	= time taken from concept brief to the launch
roll-out?	phase of introduction of a product
What's the upstream	= supply side; means first- and second-tier supplier
What's the downstream	= demand side; means first- and second-tier customers
procurement?	= sourcing & purchasing from suppliers
to opt for	etw. wählen, sich für etw. entscheiden
virtual operation?	a company buys in the range of function it needs for a specific project; at the end, the network disappears
RFID tags	radio frequency identification for items: tells you where it is, when and where it was made
EPOs	electronic point-of-sale: technology that handles payment and updates stock records
OEM	Original Equipment Manufacturer: supplies parts and components that are used by other companies
to draw up a bill of materials	= erstellen hier: eine Materialliste erstellen
to compile	erstellen
criteria parameters	Kriterien Kennzahlen
sophisticated	anspruchsvoll, ausgefeilt
RFQ	request for quotation: price someone will charge you for a piece of work

Resource summary

	Created by Sonam Bhuka almost 7 years ago