Product Suite

Supply Chain Glossary - B

Supply Chain Glossary - B

budgeted cost of work scheduled

The accumulated total of all planned budgets for work scheduled for completion within a set time period. The team is often used when referring to the cumulative to-date budget.

1) A quantity of materials awaiting further processing. It can refer to raw materials, semifinished stores or hold points, or a work backlog that is purposely maintained behind a work center. 2) In the theory of constraints, buffers can be time or material and support throughput and/or due date performance. Buffers can be maintained at the constraint, convergent points (with a constraint part), divergent points, and shipping points.


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