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

Machine hours

Software; Supply chain

The actual time recorded by a machine when used for production, and used in efficiency and utilisation calculations.

Overhead costs that change as a result of changes in production volume, but can not be directly traced to a given product or line. Ex.- utility costs that increase for a given facility in proportion ...

Cycle time

Software; Supply chain

The total time required to complete a transformation from one status to another. Total cycle time is composed of many elements, often broken into active (running or operating) time and idle (queue or ...

Labour cost

Software; Supply chain

The portion of a manufactured item's standard or actual cost attributed to the usage of direct labor, as specified by the hours consumed times the pay rate per hour.

Kurtosis

Software; Supply chain

A quality measure of the peakedness of a data distribution.

Purchase to order (PTO)

Software; Supply chain

The method used to respond to demand in which an item is purchased only when required by a customer order that specifies that item, and not for processing or assembling into a different item number.

Vendor certification

Software; Supply chain

The verification of vendor processes, delivery cycle and quality levels that allow that supplier to be categorised as an acceptable provider of a specific material or service, as determined by the ...