Product Suite

Supply Chain Glossary - P

Supply Chain Glossary - P

part master record also item record

Syn: item record.

1) A form of business ownership that is not organized as a separate legal entity (i.e., unincorporated business), but entailing ownership by two or more persons. See: corporation, private ownership, public ownership, sole proprietorship. 2) In a supply chain, a relationship based on trust, shared risk, and rewards aimed toward achieving a competitive advantage.


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