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Vendor scheduling

The sharing of internal schedules, often as generated by MRP, for specified items with a vendor, instead of placing individual purchase orders as required. A vendor schedule is often divided into zones, such as a firm commitment zone in which the customer will pay for any vendor production against that schedule, an information zone which projects requirements that authorise the vendor to purchase raw material but not add labor, and an information zone that gives forecasted long-term requirements but does not make a commitment.

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  • Part of Speech: noun
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  • Industry/Domain: Software
  • Category: Supply chain
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