Product Suite

Supply Chain Glossary - S

Supply Chain Glossary - S

stakeholders

People with a vested interest in a company, including managers, employees, stockholders, customers, suppliers, and others.

1) An established norm against which measurements are compared. 2) An established norm of productivity defined in terms of units of output per set time (units/hour) or in standard time (minutes per unit). 3) The time allowed to perform a specific job including quantity of work to be produced. See: standard time.


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