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

Minimum inventory level

Software; Supply chain

The lowest desired amount of inventory, used by planning systems to generate replenishments that will keep projected on-hand at that level or higher.

Benchmarking

Software; Supply chain

The practise of establishing goals and targets for process performance levels and identifying required improvement areas based on the published or known performance of direct competitors or a ...

Fixed location

Software; Supply chain

A storage system that assigns a permanent inventory location for a given item, usually based on its physical size and usage volume. Seasonal stock level variations may mean the dedicated location ...

Minimum order quantity

Software; Supply chain

The order quantity used as the minimum for a planned order, even if the lot size rule calculated a smaller amount.

Best fit

Software; Supply chain

In forecasting, software functions that compare multiple possible forecast methods to past actual demand to determine the best method to use in the future. Generically used to indicate the best ...

Skills that provide the main competitive differentiation and overall base of knowledge for an organization. They may be the result of enhanced performance in a given department, such as engineering ...