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

Hedge inventory

Software; Supply chain

Inventory created to protect against a possible future event or disruption in supply, such as a strike, major vendor shutdown, prospective trade or government programme change, or similar situation.

Numerical control (NC)

Software; Supply chain

A machine tool that uses machine-readable sets of numeric codes that control the activities used in its operation.

Salvage value

Software; Supply chain

The estimated or actual residual value of items no longer able to be used for their original purpose, or at the end of their useful life.

Capable to promise (CTP)

Software; Supply chain

A system that combines available to promise inventory availability with current capacity capabilities when calculating customer order schedule dates.

Heijunka

Software; Supply chain

An element of the Toyota Production System that averages volume and sequence of scheduled items to provide level production and help enable JIT.

Lost sales analysis

Software; Supply chain

The function of classifying the reasons why orders or quotes were cancelled before delivery could take place, which may include pricing, shipment date, programme change, or other issues.