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Total Productive Maintenance (TPM)
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SCM Supply Chain Management Definitions & Terms

Apr 15, 2018

Relational Contracts Student Project: Alternative Means to Settling Contract Disputes

As part of the lead-up to our SCRC meeting this week on Relational Contracting, I am featuring the first of five papers by some of our online MBA students who…

Apr 9, 2018

Excess and Obsolete Inventory: An Outcome of a Series of Unfortunate Events!

Inventory continues to be a problem for many companies.   In particular, inventory that is considered “Excess and Obsolete” often accumulates and has to be dealt with – often at the end…

Jan 19, 2018

Logistics Management (Definition) – What is Logistics Management?

What is Logistics Management? Logistics management is the process of strategically managing the procurement, movement and storage of materials, parts and finished inventory (and the related information flows) through the…

Jul 30, 2013

Global Logistics, Q&A with John Camp, Lenovo

Questions and Answers on Global Logistics, with John Camp, Lenovo Big Issues in Global Logistics Rob Handfield (Co-Director of SCRC): Hi, I’m here with John Camp, director of logistic solutions…

Jan 20, 2011

Total Cost of Ownership (TCO)

In supply chain management, the total cost of ownership of the supply delivery system is the sum of all the costs associated with every activity of the supply stream. The…

Jan 20, 2011

Total Costs

The sum of the variable, fixed and semivariable costs (costs that cannot be classified as variable or fixed ) comprises total costs. As the volume of production increases, total costs…

Jan 20, 2011

Target Costing

It is the process of designing a product to meet a specific cost objective. Target costing involves setting the planned selling price, subtracting the desired profit as well as marketing…

Jan 20, 2011

Globalization

See: Currency Conversion, Language

Jan 20, 2011

Training

Managers must ensure that appropriate personnel receive periodic training with respect to the organization’s ethical and professional standards. Supply managers should ensure that their personnel receive training on current thinking…

Jan 20, 2011

Total Productive Maintenance (TPM)

Preventive maintenance plus continuing efforts to adapt, modify, and refine equipment to increase flexibility, reduce material handling, and promote continuous flows. It is operator-oriented maintenance with the involvement of all…