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

Systems that use video cameras, robots or other devices, and computers to visually analyse an operation or activity. Typical uses include automated inspection, optical character recognition and other ...

Purchase price variance (PPV)

Software; Supply chain

The variance created by the actual price paid to a vendor for material as compared to the standard cost, sometimes separated into the variance created by the specified purchase order price vs. the ...

Data collection

Software; Supply chain

The manual or automatic acquisition of individual data elements that does not include control or analysis functions.

Labor-intensive

Software; Supply chain

A product or product line that requires a higher usage of direct labour as compared to other products that make more use of automation. Labor-intensive products may be candidates for outsourcing ...

Supply chain optimization

Software; Supply chain

The coordination of linked resources across all or part of a supply chain in eliminating or reducing manufacturing and logistics bottlenecks and creating optimised schedules based on shared inventory ...

Activity based costing (ABC)

Software; Supply chain

A cost accounting methodology that assigns costs to activities based on their use of resources, and assigns costs to cost objects (products, functions, projects) based on their use of activities. It ...