- 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
Supply Chain Glossary - P
Supply Chain Glossary - P
- PAC
- pack-out department
- package to order
- packing and marking
- page
- pallet ticket
- panel consensus
- paperless purchasing
- parallel engineering also participative design/engineering
- parallel schedule
- parent also parent item
- parent item
- Pareto chart
- part coding and classification
- part family
- part master record also item record
- part number also item number
- part record also item record
- part standardization
- part type
- partial order
- partial productivity factor also single-factor productivity
- parts list
- parts planner also material planner
- parts requisition
- passwords
- past due order
- patent
- path convergence
- path float also float
- path
- pay for knowledge
- pay point also count point
- payback period
- payback
- PC
- PDCA
- PDM
- PE ratio
- pegged requirement
- pegging
- penetration pricing
- people involvement also employee involvement (EI)
- percent chart also
- percent completed
- percent of fill also customer service ratio
- performance appraisal
- performance benchmarking also competitive benchmarking
- performance criterion
- performance measure
- performance measurement also performance measure
- performance rating
- performance standard
- performance
- period capacity
- period costs
- periodic inventory
- periodic replenishment
- periodic review system also fixed reorder cycle inventory model
- perpetual inventory record
- perpetual inventory
- personal computer (PC) or PC
- personnel class
- PERT
- physical distribution also distribution
- physical inventory
- pick date
- picking list
- picking
- piece parts
- piece rate pay system
- piece rate
- pilot also pilot test
- pilot lot
- pilot order also experimental order
- pilot plant
- pipeline inventory also pipeline stock
- pipeline stock
- plan-do-check-act cycle also plan-do-check-action (PDCA)
- planned finish date also scheduled finish date
- planned issue receipt
- planned issue
- planned load
- planned receipt
- planned start date also scheduled start date
- planner also material planner
- planner intervention also manual rescheduling
- planner/buyer also supplier scheduler
- planning and control process
- planning bill also planning bill of material
- planning board also control board
- planning calendar also manufacturing calendar
- planning fence also planning time fence
- planning may use a form of this bill.
- planning
- plant layout
- plant within a plant also factory within a factory
- platform products
- PLC
- pledging of accounts receivable
- point-of-purchase (POP) display or POP
- point of sale (POS) or POS
- point-of-use delivery
- point-of-use inventory
- point-of-use storage
- point reporting
- policies
- policy constraint
- political environment
- POP
- population
- POS
- post-deduct inventory transaction processing also backflush
- post-release
- postponement
- potency
- PPAP
- PPB
- pre-expediting
- precedence diagram method also activity-on-node network (AON)
- predatory pricing
- predecessor activity
- predictable maintenance also predictive maintenance
- prediction
- predictive maintenance
- preferred stock
- preferred supplier
- prepaid
- prerelease
- prerequisite tree (PRT) or PRT
- present value
- prevention costs
- price analysis
- price break
- price discrimination
- price fixing
- price point
- price schedule
- price skimming
- price to earnings (PE) ratio or PE
- prima facie
- primary demand
- primary location
- primary work center
- prime costs
- prime operations
- prime rate
- principal
- principle of postponement also order penetration point
- prioritization matrix
- priority control
- priority planning
- priority
- private brand
- private carrier
- private key
- private ownership
- pro forma financial statements
- probability tree
- problem-solving storyboard
- procedure manual
- process average
- process batch
- process capability index
- process chart
- process control chart also control chart
- process controllers
- process decision program chart
- process design
- process engineering
- process flexibility
- process flow chart also flow process chart
- process flow scheduling
- process flow
- process hours
- process improvement
- process industries
- process layout also functional layout
- process list
- process stocks
- process time
- processing time, move or transportation time, and receiving and inspection time.
- procurement cycle also procurement lead time
- producibility
- product audit
- product diversification
- product engineering
- product family
- product flexibility
- product grade
- product group also product line
- product group forecast
- product layout
- product line
- product manager also brand manager
- product manager concept
- product-market-focused organization
- product-mix flexibility
- product mix
- product number also item number
- product or service liability
- product plan also market plan
- product-positioned warehouse
- product positioning
- product quality
- product segments
- product specification
- product structure record
- product tree
- production calendar also manufacturing calendar
- production card
- production cycle also manufacturing lead time
- production environment also manufacturing environment
- production lead time also manufacturing lead time
- production level also production rate
- production leveling also level production method
- production line
- production material
- production materials requisition also materials requisition
- production order also manufacturing order
- production part approval process (PPAP) or PPAP
- production process
- production release also manufacturing order
- production scheduling
- production standard
- production
- productive capacity
- productive inventory
- profit center
- profit sharing
- profitability analysis
- profitability index
- profitability
- program directive
- program manager
- program
- progress payments
- project duration
- project management team
- project model
- project network
- project phase
- project production
- project risk management
- project schedule
- project scope
- project
- projected available balance
- projected finish date
- projected on hand
- projected start date
- projection also extrapolation
- promotional product
- proprietary assembly
- proprietary data
- protection time also safety lead time
- protective inventory
- protocol
- prototype
- provisioning
- proxy
- PRT
- pseudo bill of material
- psychographics
- public key
- public ownership
- public relations
- public warehouse
- publicly traded corporation
- pull signal
- punitive damages
- purchase price variance
- purchase requisition
- purchased part
- purchasing agent
- purchasing capacity
- purchasing performance measurement also supplier measurement
- purchasing unit of measure also unit of measure (purchasing)
- purchasing
plan-do-check-act cycle also plan-do-check-action (PDCA)
Syn: plan-do-check-action.
A four-step process for quality improvement. In the first step (plan), a plan to effect improvement is developed. In the second step (do), the plan is carried out, preferably on a small scale. In the third step (check), the effects of the plan are observed. In the last step (action), the results are studied to determine what was learned and what can be predicted. The plan-do-check-act cycle is sometimes referred to as the Shewhart cycle (because Walter A. Shewhart discussed the concept in his book Statistical Method from the Viewpoint of Quality Control) and as the Deming circle (because W. Edwards Deming introduced the concept in Japan; the Japanese subsequently called it the Deming circle). Syn: plan-do-check-act cycle, Shewhart circle of quality, Shewhart cycle. See: Deming circle.
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