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

Add a new term

Contributors in Supply chain

Become a Contributors

Supply chain

A thinking process tool used in the theory of constraints to focus attention on the management and improvement of a system and its constraint. The steps include 1) identify the constraint 2) exploit ...

median

Software; Supply chain

The middle value in a group of ranked values that has an equal number of values both above and below it. It indicates the centerline of a distribution, while the mean, or average, can be skewed by a ...

repetitive manufacturing

Software; Supply chain

A manufacturing environment often characterized by discrete, solid units, high individual unit volumes, low manufacturing variation, production line facility layout and use of a schedule instead of ...

absorption

Software; Supply chain

The allocation of specific pools or groups of fixed costs to associated units of production by a predetermined percentage or dollar amount, based on unit cost, machine or labor hours, or other ...

mitigation

Software; Supply chain

The reduction of damage from risk due to lessening the chance of occurrence, or by minimizing its effect when it does occur.

activity based management (ABM)

Software; Supply chain

An overall approach to cost management that focuses on the relationships between activities, cost drivers and resources to identify and separate value-added and non-value added systems and functions.