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

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Software; Supply chain

Automatic identification and tracking of material movement and inventory by data collection devices, using bar codes or other methods.

Bayes' theorem

Software; Supply chain

A formula that considers the conditional probability of the existence of a given event or variable as being caused by a second variable, and the probability of the occurrence of the second variable.

Box-behnken design

Software; Supply chain

A three-level, multiple-variable experiment design method that assumes values at the centre point and eliminates extreme values.

Box-jenkins model

Software; Supply chain

A variation of ARIMA modelling that creates a forecast using regression and moving average and incorporates previous errors. Most often used in developing short-term forecasts.

Closed-loop MRP

Software; Supply chain

The system extending the original single function of material requirements planning (MRP) by including higher-level, long term production planning, master production scheduling (MPS), capacity ...

Contract MRP

Software; Supply chain

MRP planning and reporting for items and orders specifically pegged to a single contract or project.

Cp

Software; Supply chain

A process capability index measuring the ratio between actual spread (upper control limit minus lower control limit) divided by allowable or expected spread as measured by standard deviation.