Product Suite

Supply Chain Glossary - S

Supply Chain Glossary - S

SWOT

Acronym for strengths, weaknesses, opportunities, and threats.

An analysis of the strengths, weaknesses, opportunities, and threats of and to an organization. SWOT analysis is useful in developing strategy.

A manufacturing management philosophy that includes a consistent set of principles, procedures, and techniques where every action is evaluated in terms of the global goal of the system. Both kanban, which is a part of the JIT philosophy, and drum-buffer

rope, which is a part of the theory of constraints philosophy, represent synchronized production control approaches. Syn: synchronous manufacturing. See: drum-buffer-rope, kanban, synchronous scheduling.

A pull-type production control system that is based on setting production rates and feeding work into production to meet the planned rates, then monitoring and controlling production.


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