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

Move time

Software; Supply chain

The portion of total lead time an item is being moved from one department or operation to another.

Replenishment order

Software; Supply chain

Generally, any order used to resupply an item to its desired stock position. Often refers to an interplant or intercompany order that does not generate payables and receivables, as opposed to the ...

Bill of material comparison

Software; Supply chain

A tool that compares two or more bills of material to identify duplicates and highlight exceptions and differences in the components. Used in database maintenance and obsolescence reporting.

Flow rack

Software; Supply chain

A warehouse storage device where items are stocked at the rear and a conveyor is used to moved the items to the front for picking.

The average of the last 'x' number of numerical values out of a set that contains a larger number of historical values. A six-month simple moving average forecast is the average of the demand from ...

Beginning inventory

Software; Supply chain

The calculated (perpetual) inventory at the start of an accounting period; often generated from month-end close functions that use the ending inventory of one period as the beginning inventory of the ...

Fixed lead time

Software; Supply chain

A lead time that does not vary because of quantity changes. A manufacturing process such as curing, drying or baking may require a set amount of time regardless of process volume.