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

Maximum capacity

Software; Supply chain

The most capacity that can be obtained from a given resource, as opposed to its planned or demonstrated capacity (as in a machine normally operated 10 hours a day with a maximum capacity of 24 ...

Release

Software; Supply chain

The authorization to pick, ship or produce against a previously-created order.

First in, first out (FIFO)

Software; Supply chain

A usage rule in accounting and other systems (job queues) that assumes the first or oldest item placed into inventory is also the first one used. In periods of rising prices, it has the effect of ...

Maximum on-order

Software; Supply chain

A specified limit for the total dollar sum of open orders for a given customer or vendor that is checked by the system at entry time, and may prevent acceptance of the order.

Remanufacturing

Software; Supply chain

The extensive remake of an existing product into one with like functionality that can be resold. It often involves breaking down a product into main, or core, subsystems and modules and adding ...

Zone picking

Software; Supply chain

A warehouse order picking scheme utilising zones in which pickers select materials within their own area only and the total material required for the order is later grouped together.

Dunning

Software; Supply chain

An accounts receivable function that uses an escalating series of notices and defined verbiage to document the contacts and attempts made in collecting payment from a customer. Evidence of the ...