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 specified inventory level used to trigger a reorder when the total of current on-hand inventory and open scheduled receipts falls below that level. The order point is set to cover demand expected ...

simulation

Software; Supply chain

The use of models and logic tools to test the outcomes of a proposed group of inputs and processes, prior to or in place of their implementation in a live system.

computer-aided engineering (CAE)

Software; Supply chain

The use of software and computer hardware in creating process and material engineering specifications. CAE systems can access stored specification and cost data, create proposed bills of materials ...

incremental cost

Software; Supply chain

The cost added to an existing product or project status by processing the next operation or performing an additional activity.

order point system

Software; Supply chain

A reorder system that places orders when on-hand and scheduled receipts reaches a predefined level, instead of using requirements suggested by MRP from a bill of material explosion. An order point ...

single level

Software; Supply chain

The display of only one level on a bill of material or where-used report, as in the set of immediate components for a parent or the next higher level of parent when tracing a component.