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 lead time an operation or process takes to process an input and return the output to the original source, such as documents submitted to a department that returns them after entry or approval, or ...

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.

Lorenz curve

Software; 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 ...

Supply chain operations Reference model (SCOR) Model

Software; Supply chain

Developed by the Supply-Chain Council to measure total supply chain performance. It includes delivery and order fulfilment performance, supply chain response time, production flexibility, warranty ...