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

A technique used in forecasting models that assigns different weights to past demand periods, instead of considering each one equally. A simple moving average technique takes the total demand for the ...

Radio frequency automatic identification (RFID)

Software; Supply chain

A location and identification system using radio frequency signals that employs a transceiver, antenna and tag associated with a product and location to transmit data. The systems do not require a ...

Waste

Software; Supply chain

Any activity or process that does not add value to the goods or services required by the customer. Examples of waste include move time, counting inventory, inspection, the production of defective ...

Dependent demand

Software; Supply chain

Demand for components and material calculated, or dependent, on the demand from another item in the system and not due to outside demand such as a customer or interplant order for that item. The ...

Lead time offset

Software; Supply chain

MRP processing logic that defines the release date of a planned order by determining the planned receipt date and backing up as required by the defined lead time.