VDA
An unfilled customer order for a product that is out of stock
What is BACK ORDER?
Occurs when distorted product demand info ripples from one part to the next throughout the supply chain
What is Bullwhip effect?
Standard format for the electronic exchange of information between supply and chain participants.
What is Electronic Data interchange?
A process that builds a three dimensional solid object from a digital model
What is 3D Printing?
The time it takes to manufacture a product and deliver it to the retailer
What is Inventory Cycle Time?
Defines, recommends, and sets flexible supply chain strategies based on organization’s operations and resources
What is Supply Chain Optimization?
Is a key supply chain management strategy in purchasing goods and services to meet the needs of the supply chain
What is Procurement?
Uses electronic tags and labels to identify objects wirelessly over short distances
What is RFID?
The agreed upon time between the purchase of a product and the delivery of the product
What is Customer Order Cycle Time?
Provides visibility across inventory levels throughout the entire supply chain holistically.
What is Inventory Optimization?
Includes control, distribution, maintenance and replacement of materials and personnel to support the supply chain
What is Logistics?
Unmanned aircraft that can fly autonomously
What is Drones?
The frequency of inventory replacement.
What is Inventory turn-over?
Focuses on the efficient movement of products through effective transportation management.
What is Transportation and Logistics Optimization?
Includes activities that govern the flow of tangible, physical materials through the supply chain, such as shipping, transport, and warehousing.
What is Materials Management?
Focuses on creating Artificial Intelligence devices that can move and react to sensory input
What is Robotics?