APICS CPIM Basics of supply chain dictionary words N,O
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| show | Getting a group to agree on a strategy before beginning to implement it
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| Nesting | show 🗑
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| show | In MRP, the net requirements for a part or an assembly are derived as a result of applying gross requirements and allocations agasint inventory on hand, scheduled receipts, and safety stock. Net requirements, lot-sized and offset for lead time, become ord
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| show | The act of inspecting or testing every item in an incoming or outgoing lot
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| show | A measure(%) of meeting the customer's orginally negotiated elivery request date. Performance can be expressed as a % based on the # of orders, line items, or dollar value shipped on time
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| show | Machine operators having the flexibility to solve problems and to do other tasks beyond their immediate responsibilities.
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| Ordering cost | show 🗑
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| show | A set inventory level where, if the total stock on hand plus on order falls to or below that point, action is taken to replenish the stock. The order point is normally calculated as forecasted usage during the replenishment LT+SS
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| show | An accounting/financial term (balance sheet classification of accoutns) representing the residual claim by the company's ownders or shareholders, or both, to the company's assets - liabilities
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| operations management | show 🗑
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| order entry | show 🗑
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| order point | show 🗑
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| order qualifiers | show 🗑
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