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

Single minute exchange of die (SMED)

Software; Supply chain

The goal of reducing setup times to under ten minutes.

Slack time

Software; Supply chain

The comparison of the projected completion date for an operation or project task as compared to the required date, which indicates the amount of time it could be delayed without impacting later ...

Control point

Software; Supply chain

Planning, production and logistics points that initiate or limit connected points. Control points receive more attention and help focus priorities when detailed review of all points is not practical.

Internal rate of return

Software; Supply chain

A discounted cash flow method used to specify the return rate for an investment, in which the present value of cash inflows are balanced against the present value of outflows.

Parallel

Software; Supply chain

The simultaneous performance of related activities or tasks, normally using different resources, that enables completing those activities faster than if they were done in a serial manner.

Slow moving inventory

Software; Supply chain

Items in stock that have had no usage activity for a specified number of days, or whose usage rate is significantly below the historical or expected average.