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

repair part

Software; Supply chain

syn: service part.

abnormal demand

Software; Supply chain

An unusually high product demand outside normal parameters that may be due to a promotion, price break or substitution. Forecast systems can filter abnormal demand outside calculated standard ...

earned hours

Software; Supply chain

Labor or machine hours calculated by multiplying standard hourly rates by actual production for a given period. Earned hours are compared to actual hours to identify efficiency variances.

lost time

Software; Supply chain

Time planned for production operations that did not occur due to unscheduled problems such as machine downtime, material or personnel availability, or other situations.

production order

Software; Supply chain

An order that authorizes manufacture of a specific quantity of an item or group of items, contains release and due dates, and documents requirements for the materials and resources used. It is ...

two bin inventory system

Software; Supply chain

An inventory system that uses two bins (or the logical equivalent, based on usage over lead time) to hold inventory. Requirements are taken from an initial single bin; when that bin is empty a ...