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 factor used to measure usage of a defined activity. ex.- the materials support activity of a forklift driver retrieving goods from the warehouse could be driven either based on number of trips, ...

electronic funds transfer (EFT)

Software; Supply chain

Electronic systems that transmit standardized financial data, payments and other transactions between connected parties and do not use paper documents to increment or decrement accounts.

machine utilization

Software; Supply chain

The measure of machine hours recorded against production vs. the hours available or scheduled for a given period.

programmable logic controller (PLC)

Software; Supply chain

A device using programmed, custom instructions to provide automated monitoring and control functions by evaluating a set of inputs. Used to automate complex functions in machining, packaging, ...

utilization

Software; Supply chain

The measurement of actual hours as compared to scheduled or available hours. The downtime that represents the difference is often categorized by material shortage, equipment failure or other cause.

bias

Software; Supply chain

A set of results consistently above or below an established centerline that indicates the need for corrective action.

flexible manufacturing system (FMS)

Software; Supply chain

A group of computer-controlled independent workstations or machines linked by material handling systems that are able to accommodate wide variations in types and quantities of products.