- Forecast by SKU, cost, item, currencies, margin, country, channel, customer location, etc.
- Drive inventory and safety stock levels according to customer requirements using the Service Level Optimizer
The characteristic to be measured (e.g., parts per million defective, business profit). See: performance measure, performance measurement system, performance standard.
A ratio, usually expressed as a percentage, of the standard processing time for a part divided by its actual processing time. Setups are excluded from this calculation to prevent distortion. A traditional definition includes setup time as part of operation time, but significant distortions can occur as a result of dependent setups.
Within physical distribution, such cost elements as fuel, drivers' wages, and wear and tear on the vehicle, that vary by distance traveled and not on weight carried.
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