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

Flexible manufacturing system (FMS)

Software; Supply chain

A group of computer-controlled independent workstations or machines linked by material handling systems that are able to accommodate wide variations in types and quantities of products.

A bill of material typically used in process industries that describes an ingredients list required for a batch quantity of the end item, instead of a quantity of one as typically used in discrete ...

Fixed cost

Software; Supply chain

Costs that do not change in the short term as a function of changes in production volumes, distribution volumes, labour or machine hours.

Military time

Software; Supply chain

The use of a 24-hour clock instead of AM and PM when reporting actual labour or machine time or specifying deliveries.

Batch pull

Software; Supply chain

An order picking efficiency technique that combines multiple orders for a date or customer range and summarises the total requirements for items on all orders. It allows going to an inventory ...

Fixed interval order

Software; Supply chain

A purchase or production order that occurs at a regular time interval and covers the variable demand during that period.

Milk run

Software; Supply chain

The combination of shipments from multiple vendors in close geographic proximity into one shipment received by the customer, normally done for a defined route on a recurring basis.