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Supply Chain Glossary of Terms

Logistics Bureau

Action Message: An alert generated by a materials requirement planning (MRP) or distribution requirements planning (DRP) system. Category Management: The management of groups of products that are interchangeable, or substitutable, in meeting consumer needs as opposed to the traditional concentration on individual products and brands.

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Boeing: The Turning Point(s)

The Lean Thinker

With the justification aside, they next had us go through exercises calculating net present value and ROI for a hypothetical capital investment in tooling – as though a shop floor supervisor would do this at any point in the course of their job.