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

The demand response method where an end item or service part required as is for an expected customer order is purchased and stocked against a forecast. The forecast represents independent customer or ...

Days supply

Software; Supply chain

A calculation that projects how long the current on-hand inventory will last, given a predetermined rate of usage and assuming no replenishment.

Vendor restocking

Software; Supply chain

A version of vendor-managed inventory (VMI) where the supplier physically restocks required parts at the production point.

Time-based competition

Software; Supply chain

A corporate strategy that has identified a focus on time as providing a competitive edge due to its value by the customer. It may assume no advantage in product or quality characteristics while ...

Andon board

Software; Supply chain

A lighted board used in production areas to provide a visual signal that indicates an actual or potential problem at a specific workstation.

Expedite

Software; Supply chain

To raise the priority level on a production or purchase order due to a past due condition or a change in the requirement date that necessitates compressing the normal lead time.

Quick response

Software; Supply chain

Systems that attempt to provide quick turnaround and reduced lead time based on the location and level of inventory, and linked communications systems that quickly translate and evaluate changes in ...