Product Suite

Supply Chain Glossary - M

Supply Chain Glossary - M

multidomestic strategy also multicountry strategy

Syn: multicountry strategy.

A concept that items are processed directly from one step to the next, one unit at a time. This helps to shorten lead times and lines of communication, thus more quickly identifying problems.

The capability of software and diverse hardware environments to communicate with each other through the use of standard messaging and protocols respectively. See: modular system.

The fostering and support of people who champion new technologies, new operating practices, and new products and services that will transform the organization maintaining its viability and improving its competitive position in step with the change in the business environment in which it functions.

A system implementation technique whereby the current system and the new system are both executed for some period of time. The results of the two systems are compared to ensure that the new system is executing properly. When a level of confidence is built that the new system is executing properly, the old system is turned off and the new system becomes the designated business system.

Test Country