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

Tier 1, 2 supplier

Software; Supply chain

A tier 1 supplier is the immediate or primary set of vendors directly used by a company, and tier 2 is a vendor to tier 1. In some industries the final customers or dominant chain partners are ...

First pick ratio

Software; Supply chain

The percentage of time items are successfully picked to satisfy order requirements based on the initial location and quantity recommended by the system; an inventory accuracy and efficiency ...

Mean absolute deviation (MAD)

Software; Supply chain

The sum of the absolute value of error or deviation from an expected value, divided by the number of data points. Often used as a base measure of forecast accuracy.

An arrangement of bars and spaces on a label or stamped or embossed onto an item or container that identifies the item and sometimes its quantity. A variety of fixed and variable length code schemes ...

Fishbone diagram

Software; Supply chain

A systematic analysis tool that organises the effects of a problem and its possible causes, in a graphical display that often resembles the skeleton of a fish. Developed by Dr. Kaoru Ishikawa, it is ...