Supply Chain Glossary - I

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imports

Products bought in one country and produced in another.

Stock designated as in excess of consumption within a defined period or stocks of items that have not been used for a defined period.

A defined location next to the place of use on a production floor. Materials are brought to the stockpoint as needed and taken from it for immediate use. Inbound stockpoints are used with a pull system of material control.

A reward, financial or otherwise, that compensates a worker for high or continued performance above standard. An incentive is also a motivating influence to induce effort above normal.

The incentive contract allows for the sharing of the cost responsibility between the buyer and seller. Incentives are incorporated into the contracts to motivate the supplier to improve its performance in areas such as quality, on-time delivery, and customer satisfaction. There are three elements of an incentive agreement: target cost, target profit, and the sharing agreement.

A contract where the buyer and seller agree to a target cost and maximum price. Cost savings below the target are shared between buyer and seller. If actual cost exceeds the target cost, the cost overrun is shared between buyer and seller up to the maximum price.

I2M
Idle Capacity
Idle Inventory
Idle Time
IFB
IIE
Imperfection
Implementation
Implied Authority
Implied Contract
Implied Warranty
Implode
Implosion
Importexport License
Imports
Income Also Profit
Income Statement
Incremental Available To Promise Also Discrete Available To Promise
Independent Demand
Independent Float
Independent Project
Index Term
Indirect Labor
Indirect Labor Cost
Indirect Materials Also Supplies
Industrial Engineering
Industrial Facilities Management
Industrial Market
Industry
Industry Analysis
Inefficiency Risk
Infinite Loading
Infinite Scheduling Also Infinite Loading
Inflation
Influence Filter
Informal Culture
Information
Information System
Information System Architecture
Ingredient
Initial Public Offering (IPO) Or IPO
Innovation Risk
In Process Inventory Also Work In Process (WIP)
In Process Waiver Requests
Input
Input Control
Inputoutput Analysis Also Inputoutput Control
Inputoutput Devices
Inspection
Inspection Order
Inspection Ticket
Instantaneous Receipt
Institute Leadership; 8 Drive Out Fear; 9 Break Down Barriers Between Staff Areas;
Institute of Industrial Engineers (IIE) or IIE
Institutional Market
Instruction Sheet Also Routing
Intangible Costs
Integrated
Integrated Change Control
Integrated Resource Management (IRM) Or IRM Also Resource Management
Integrated Services Digital Network (ISDN) Or ISDN
Integrating Mechanism
Intelligent Agent
Interactive
Interactive Computer System
Interactive Customer Care
Interactive Scheduling
Interactive System
Interest Rate
Intermediately Positioned Warehouse
Intermediate Part
Intermittent Production
Intermodal Transport
Internal Controls
Internal Customer
Internal Environment
Internal Failure Cost
Internal Rate Of Return
Internal Setup Time
International
International Logistics
International Standards
Internet
Internet Operations
Internet Service Provider (ISP) Or ISP
Interoperation Time
Interplant Demand
Interplant Transfer
Interpolation
Interrelationship Diagram
Interrupt
In Transit Inventory
Intrinsic Forecast Method
Inventory Adjustment
Inventory Buffer
Inventory Control
Inventory Conversion Period
Inventory Costs
Inventory Cushion Also Inventory Buffer
Inventory Diversion
Inventory Investment
Inventory Issue
Inventory Management
Inventory Planner Also Material Planner
Inventory Planning
Inventory Policy
Inventory Receipt
Inventory Returns
Inventory Shrinkage
Inventory Tax
Inventory Turns Also Inventory Turnover
Inventory Usage
Inventory Velocity
Invitation For Bid (IFB) Or IFB Also Request For Proposal (RFP)
Invoice
IO
IPO
IRM
ISDN
Ishikawa Diagram Also Cause And Effect Diagram
Islands Of Automation
ISO
Isolation
Issue
Issue Cycle Time
ITEM
Item Master File
Item Master Record Also Item Record
Item Number