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

pick to light

Software; Supply chain

A warehouse order picking scheme that uses LED readouts for each inventory location that display the locations and quantities to be picked based on data from the warehouse management or ERP system.

sunk cost

Software; Supply chain

A cost already incurred that is not able to be affected by subsequent actions and thus has no relevance in evaluating future decisions.

cross functional

Software; Supply chain

An activity, system or team that contains more than one functional area within an organization and may involve balancing conflicting objectives.

item number

Software; Supply chain

syn: part number.

piece part

Software; Supply chain

A discrete component item such as nuts, bolts or screws used in an upper-level assembly.

supplier

Software; Supply chain

An entity who supplies goods or services; often used synonymously with vendor but may also indicate an internal company resource.

cross selling

Software; Supply chain

Sales activities that identify and suggest related items to a prospect or customer, such as accessories or services when an initial item is purchased.