Product Suite

Supply Chain Glossary - F

Supply Chain Glossary - F

first-come-first-served rule

A dispatching rule under which the jobs are sequenced by their arrival times. See: first-in, first-out.

A method of inventory valuation for accounting purposes. The accounting assumption is that the oldest inventory (first in) is the first to be used (first out), but there is no necessary relationship with the actual physical movement of specific items. See: first

A single exponential smoothing; a weighted moving average approach that is applied to forecasting problems where the data do not exhibit significant trend or seasonal patterns. Syn: single exponential smoothing, single smoothing.


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