Jan 19, 2011
Education and training is the most common approach to supplier development and improvement. A purchaser may provide training in statistical process control, quality improvement techniques, just-in-time delivery or any other…
The management of firms or individuals that participate in the flow of goods and services from the raw material supplier and producer to the final user or customer. Source: http://www.apics.org/…
The grouping of management functions supporting the complete cycle of material flow, from the purchase and internal control of production materials to the planning and control of work in process…
Comprised of base inventory level and target inventory level. Base inventory level is made up of aggregate lot-size inventory plus the aggregate safety stock inventory. It does not take into…
Relocating material from a bulk storage area to an order pick storage area, and documenting this relocation. Lead time, order quantity and replenishment interval are factors in inventory replenishment.
Data Resource Management is the development and execution of architectures, policies, practices and procedures that properly manage the information needs of an enterprise. Companies often keep raw information in online…
This refers to the configuration of the warehouse site with lines, storage areas, aisles, etc. Layout or storage plan of a warehouse should be planned to facilitate product flow. Special…
Supply chain design involves the determination of how to structure a supply chain. Design decisions include the selection of partners, the location and capacity of warehouse and production facilities, the…
The main objective of the supplier evaluation process is to reduce purchase risk and maximize the overall value of the purchaser. It typically involves evaluating, at a minimum, supplier quality,…
Software applications that permit monitoring events across a supply chain. These systems track and trace inventory globally on a line-item level and notify the user of significant deviations from plans.…