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

The amount earned from an investment or operation after expenses are deducted. Gross profit, or gross income, refers to pre-tax net sales less cost of sales. Net profit, also includes the deduction ...

upper control limit (UCL)

Software; Supply chain

The measurement point above the centerline in a process control chart or report that indicates an out-of-bounds condition or a warning signal.

best fit

Software; Supply chain

In forecasting, software functions that compare multiple possible forecast methods to past actual demand to determine the best method to use in the future. Generically used to indicate the best ...

fixed lot size

Software; Supply chain

A lot size that always uses the same quantity (or a multiple) for a reorder; the timing of the order varies while the size of the order is constant. Fixed lots are sometimes used when a process may ...

min-max ordering

Software; Supply chain

A replenishment and inventory management system that sets a minimum inventory level, used to trigger a reorder when the available plus incoming receipt total is less than the min. The amount of the ...

rescheduling assumption

Software; Supply chain

Processing logic in MRP and other planning systems that assumes it is easier to reschedule an existing order than to place a new order. When requirements and supply are not aligned, the system will ...