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BUSINESS ENGLISH - Coggle Diagram
BUSINESS ENGLISH
SUPPLY CHAIN
- movement of a product or service form a supplier to a customer.
- Managing, Information share and activity coordinate.
- Improved flexibility and faster reaction. Reduction of cost.
in INVENTORY, 3 methods
- JIT: just in time. No free space
- LIFO: last in first, out. first item added last to be used
- FIFO: first in, first out: first item added first to be used
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The sector of production
- Primary: extraction, production of raw materials
- Secondary: transformation finished goods, building, generation of power.
- Tertiary: provide service personal, commercial, social.
- Quaternary: technology, intellectual, research and developing.
- Quinary: people which take decision for the economic, government.
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TRADE
Act of buying and selling goods, imports or exports.
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E-COMMERCE
• M- commerce: using a mobile device, specifically app.
• S-commerce: social media.