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

Originally developed by Dr. Eliyahu Goldratt and published in his book The Goal, and based on the theory that a system has a single goal, and that systems are composed of multiple linked activities, ...

cycle time

Software; Supply chain

The total time required to complete a transformation from one status to another. Total cycle time is composed of many elements, often broken into active (running or operating) time and idle (queue or ...

labor cost

Software; Supply chain

The portion of a manufactured item's standard or actual cost attributed to the usage of direct labor, as specified by the hours consumed times the pay rate per hour.

post

Software; Supply chain

(v) To update a file or database through acceptance of entered data.

cost center

Software; Supply chain

The smallest organizational entity where budget and actual cost activities take place, and which has both characteristics pertinent in cost generation and the ability to track and control those ...

inventory

Software; Supply chain

Raw, intermediate or finished items that are physically stocked by an organization, or for which they are financially liable. Classification methods specify the usage (for production or as MRO), ...

past due

Software; Supply chain

Line items and orders expected or promised for dates prior to the current date. Past due orders are an integral part of evaluating delivery performance and normally are prioritized when reviewing ...