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 lot size model that attempts to balance the costs associated with placing individual orders with the costs of carrying inventory. Defined as the square root of: 2 X annual demand X ordering cost ...

lot size

Software; Supply chain

The quantity of a planned or actual order for purchased or production items, calculated as a result of lot size rules that consider the reason for the order (to order or to stock) and the costs ...

productivity

Software; Supply chain

An overall measure based on a quantity of output generated by a given quantity of input. Increased output as a result of the same amount of input such as labor hours) indicates more efficient use of ...

unit cost

Software; Supply chain

The total of material, labor and overhead costs allocated to a single unit and used in inventory valuation, and margin and variance analysis.

batch

Software; Supply chain

1) In production, a lot or given quantity processed at the same time with the same process parameters. A batch may consist of more than one item number but all items are considered to have the same ...