Supply chain

Supply chain

Of or referring to a system of organizations, people, technology, activities, information, and resources that develops a product from supplier to customer in an efficient manner.

Industry: Software

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Supply chain

Cost-plus pricing

Software; Supply chain

Pricing goods or services at the documented cost plus an agreed-upon fixed percentage or dollar amount.

The process of assigning a financial value to on-hand inventory, based on standard cost, first-in, first-out (FIFO), last-in, first-out (LIFO), average list price or other method. The method used is ...

Period cost

Software; Supply chain

A cost related to the passage of time rather than product volumes, which may include depreciation, rent, property taxes or insurance.

Standard deviation

Software; Supply chain

A measure of the spread or dispersion of a data population around a mean, as calculated by taking the variation of each number from the mean, squaring it, averaging the result (by dividing by n-1, or ...

Production order

Software; Supply chain

An order that authorises manufacture of a specific quantity of an item or group of items, contains release and due dates, and documents requirements for the materials and resources used. It is ...

Two bin inventory system

Software; Supply chain

An inventory system that uses two bins (or the logical equivalent, based on usage over lead time) to hold inventory. Requirements are taken from an initial single bin; when that bin is empty a ...

Cost pool

Software; Supply chain

A group of specific indirect costs created by the same cost drivers; the total cost pool amount is usually allocated to specific products or cost centres on the basis of estimated production over a ...