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

The graphical representation of the level of equality between two sets of data (as in cumulative percentage of population and cumulative percentage of net income). Perfect equality is represented as ...

Lot ID

Software; Supply chain

The identifier assigned for a specific production lot or batch and used in subsequent material transactions and tracing activities.

Malcolm Baldridge National Quality Award

Software; Supply chain

Annual awards by the National Institute of Standards and Technology that recognise quality system achievements in manufacturing and services organizations.

Monte Carlo simulation

Software; Supply chain

A method that estimates possible outcomes from a set of random variables by simulating a process a large number of times and observing the outcomes.

Nelson tests

Software; Supply chain

A set of quality tests measuring trend, lack of variation and observation of consecutive results of the same values.

Pareto's law

Software; Supply chain

The law developed by an Italian economist in the 1800s based on the principle that the vast majority of an end result (wealth, cost, quality problems, etc.) is determined by a small percentage of a ...