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

benchmarking

Software; Supply chain

The practice of establishing goals and targets for process performance levels and identifying required improvement areas based on the published or known performance of direct competitors or a ...

fixed location

Software; Supply chain

A storage system that assigns a permanent inventory location for a given item, usually based on its physical size and usage volume. Seasonal stock level variations may mean the dedicated location ...

minimum order quantity

Software; Supply chain

The order quantity used as the minimum for a planned order, even if the lot size rule calculated a smaller amount.

A paper or electronic document that requests delivery of materials or services and is normally initiated by the using department. It usually includes requested dates and quantities, but may leave the ...

active ingredient

Software; Supply chain

The material or chemical in a batch or formula responsible for producing the desired result and giving the product its main characteristic. Other substances enhance or buffer the active ingredient, ...

elapsed time

Software; Supply chain

The actual time between starting and ending an activity. Labor and machine time entries are typically made either by directly entering an elapsed time, or by entering the start and end times and ...

lumpy demand

Software; Supply chain

Demand that is uneven in terms of timing and quantity variations, and may require more investment in inventory or a longer response time than predictable, even demand.