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

Standard operating procedures (SOP)

Software; Supply chain

Instructions and methods used for a specific process or situation. They document the normal or accepted methodology and help form the basis for conformance evaluation.

Cross functional

Software; Supply chain

An activity, system or team that contains more than one functional area within an organisation and may involve balancing conflicting objectives.

Piece part

Software; Supply chain

A discrete component item such as nuts, bolts or screws used in an upper-level assembly.

Stochastic

Software; Supply chain

A model or equation that incorporates a random variable.

The amount earned from an investment or operation after expenses are deducted. Gross profit, or gross income, refers to pre-tax net sales less cost of sales. Net profit, also includes the deduction ...

Upper control limit (UCL)

Software; Supply chain

The measurement point above the centerline in a process control chart or report that indicates an out-of-bounds condition or a warning signal.

Cross selling

Software; Supply chain

Sales activities that identify and suggest related items to a prospect or customer, such as accessories or services when an initial item is purchased.