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 document requesting a revision or change to a product or process that optimally includes the reason, urgency level, items and processes affected, and cost/benefit of the change. Signoff by a review ...

Make/buy analysis

Software; Supply chain

The process that analyses tradeoffs in costs and benefits between internal production of a given item vs. purchasing it from a vendor. It includes identification of true product costs, the impact of ...

Purchasing lead time

Software; Supply chain

The total time required to place and receive purchased items, which includes internal review and placement time (order release), vendor transportation time, and the dock to stock activities to ...

Vertical format

Software; Supply chain

A display method used for MRP or other output reports in which dates are sequenced along the left margin and horizontal headings are used for gross requirements, scheduled receipts and other ...

Decimal precision

Software; Supply chain

The number of decimal places available for inventory, order, cost and product definition records.

Lagging indicator

Software; Supply chain

An economic or other indicator that changes value after the underlying conditions it measures have begun to exhibit a trend. Lagging indicators may confirm the existence of a condition or trend, but ...

Takt time

Software; Supply chain

Based on the German word that indicates pace, the rate or pace of production as matched to the pace of customer sales. Used in lean manufacturing to align production time in linked manufacturing ...