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

Data scrubbing

Software; Supply chain

The analysis and review of existing data that cheques for incomplete records, invalid entries and duplicates. An activity often done prior to converting or merging systems.

Labour rate variance

Software; Supply chain

The cost variance created by reporting labour hours with a pay rate higher or lower than the standard pay rate, while assuming the actual hours worked were equal to the standard.

The set of supply chain activities that focus on evaluating demand for material and capacity and formulate plans and schedules based on meeting that demand and company goals. System functions often ...

Actual demand

Software; Supply chain

Demand in the form of booked customer orders and interplant orders (not actual sales). Actual demand is netted against forecasted demand for a given time period to generate requirements for material ...

Vendor-managed inventory (VMI)

Software; Supply chain

An inventory planning and fulfilment technique in which a supplier is responsible for monitoring and restocking customer inventory at the appropriate time to maintain predefined levels. The vendor is ...