- 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
Also: Just-in-Time (JIT) Syn: Just-in-Time.
A dispatching rule that directs the sequencing of jobs in ascending order by processing time. If this rule is followed, the most jobs at a work center per time period will be processed. As a result, the average lateness of jobs at that work center is minimized, but some jobs will be very late. Syn: smallest processing time rule.
The function of adjusting limits or levels of capacity within relatively short periods of time, such as parts of a day, a day, or a week.
Reductions of actual quantities of items in stock, in process, or in transit. The loss may be caused by scrap, theft, deterioration, evaporation, etc.
A percentage factor used to compensate for the expected loss during the manufacturing cycle of an item. This factor differs from the scrap factor in that it affects all components of the item, where the scrap factor relates to only one component's usage. Syn: shrinkage rate.
For support in English: Call (314) 991-7177 from 8:00 a.m. to 5:00 p.m. Central Time.
For support in your language: Mouse over the map and click on your country to find the contact information of the office nearest you.