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Supply Chain Glossary - F

Supply Chain Glossary - F

flextime

An arrangement in which employees are allowed to choose work hours as long as the standard number of work hours is worked.

1)The amount of work-in-process inventory between two manufacturing operations, especially in repetitive manufacturing. 2) In supply chains, the time necessary for items such as documents and checks to go from one supply chain partner to another. 3) In the critical path method of project management, the amount of time that an activity's early start or early finish time can be delayed without delaying the completion time of the entire project. There are three types: total float, free float, and independent float. Syn: path float, slack.


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