Examlex
In the Plan-Do-Check-Act (PDCA) model,identify the step that requires the improvement team to identify its target improvement area.
Demand Information
Data regarding customer requirements for products or services, used for planning production and inventory levels.
Bullwhip Effect
A phenomenon in supply chain management where small variations in demand at the retail level cause increasingly larger variations in demand at the wholesale, distributor, and manufacturer levels.
CPFR
Collaborative Planning, Forecasting, and Replenishment, a business practice where supply chain partners share information and resources to better predict demand and optimize supply.
Technology
The application of scientific knowledge for practical purposes, especially in industry.
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