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

forecast consumption

Software; Supply chain

The netting of actual demand from customer or interplant orders against the forecast for a given time period. Systems for producing items to stock often use the higher of the forecast quantity or ...

multilevel master production schedule

A version of MPS that allows the master scheduling (and thus forecasts and customer orders) of any level in the bill of material, instead of just the top-level items. Lower level items may be master ...

rework

Software; Supply chain

Purchased or manufactured items that have failed a usability test and require the addition of labor or materials to avoid being scrapped.

allocation

Software; Supply chain

A reservation of material based on an accepted order or system- generated planned order. The on-hand balance of an item, less the allocation, leaves the balance available for production or to promise ...

evaporating cloud

Software; Supply chain

A conflict resolution tool used in the theory of constraints to identify assumptions related to a problem, create actions to solve or invalidate the assumptions and as a result resolve, or evaporate, ...