Jan 19, 2011
A measure (usually expressed as a percentage) of how intensively a resource is being used to produce a good or service. Utilization compares actual time used to available time. Traditionally,…
The customer value approach focuses on how people choose among competing suppliers, customer attraction and retention, and market-share gains. Answering three customer value questions is important in order to determine…
Collaboration is defined as the process by which partners adopt a high level of purposeful cooperation to maintain a trading relationship over time. The relationship is bilateral; both parties have…
See: Activity-based Cost Accounting, Activity-based Management, Cost System Design, Target Costing, Total Costs, Total Cost of Ownership
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…