20 Terms
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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
Add a new termContributors in Supply chain
Supply chain
production line
Software; Supply chain
A linked set of manufacturing equipment or work stations that sequentially process a standard group of products or product families; most often used in a high-volume, repetitive manufacturing ...
turnkey
Software; Supply chain
A system designed to be fully operational at purchase or implementation time and not require additional modification or investment.
balloon number
Software; Supply chain
A reference number that points to a component or assembly on an engineering drawing and corresponds to a part number, usually listed in a table on the side of the drawing. (syn: bubble number)
first pick ratio
Software; Supply chain
The percentage of time items are successfully picked to satisfy order requirements based on the initial location and quantity recommended by the system; an inventory accuracy and efficiency ...
mean absolute deviation (MAD)
Software; Supply chain
The sum of the absolute value of error or deviation from an expected value, divided by the number of data points. Often used as a base measure of forecast accuracy.
80/20 rule
Software; Supply chain
Rule based on Pareto's Law stating that 80% of an end result (quality problems, inventory valuation, distribution of wealth) comes from a source of 20% (items, number of people, etc.).
