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

progress payment

Software; Supply chain

The payment of a portion of a total invoice or estimated cost based on the accomplishment of milestones, cost recovery agreement, or other contractual method.

A process or operation that increases the worth of a good or service as perceived by the internal or external customer, as opposed to an operation that may simply incur costs due to the performance ...

bill of activities

Software; Supply chain

In activity-based costing, a list of the activities and associated costs used by a cost object (product, department, etc.).

floor stock

Software; Supply chain

Material and components stored on the production floor used as needed for multiple production orders, and not pegged or issued to individual orders. Normally lower-dollar value, backflushed items.

modification

Software; Supply chain

1) A one-time change to a standard bill of material or routing for a specific production order 2) The addition of custom programming code to a standard software system to create or enhance a specific ...

purchase to order (PTO)

Software; Supply chain

The method used to respond to demand in which an item is purchased only when required by a customer order that specifies that item, and not for processing or assembling into a different item number.

vendor certification

Software; Supply chain

The verification of vendor processes, delivery cycle and quality levels that allow that supplier to be categorized as an acceptable provider of a specific material or service, as determined by the ...