Product Suite

Supply Chain Glossary - M

Supply Chain Glossary - M

move time

The time that a job spends in transit from one operation to another in the plant.

An arithmetic average of a certain number (n) of the most recent observations. As each new observation is added, the oldest observation is dropped. The value of n (the number of periods to use for the average) reflects responsiveness versus stability in the same way that the choice of smoothing constant does in exponential smoothing. There are two types of moving average, simple and weighted. See: simple moving average, weighted moving average.


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