Product Suite

Supply Chain Glossary - B

Supply Chain Glossary - B

bounded

The adjustment of a shop order quantity of a parent to use the remaining units of a component, raw material, or lot.

A forecasting method based on regression and moving average models. The model is based not on regression of independent variables, but on past observations of the item to be forecast at varying time lags and on previous error values from forecasting. See: forecast.


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