Supply Chain Glossary - O

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observational research

A form of research (frequently used in marketing research) where data are gathered by direct observation of consumers in the market place. See: marketing research.

1) The condition of being out of date. A loss of value occasioned by new developments that place the older property at a competitive disadvantage. A factor in depreciation. 2) A decrease in the value of an asset brought about by the development of new and more economical methods, processes, or machinery. 3) The loss of usefulness or worth of a product or facility as a result of the appearance of better or more economical products, methods, or facilities.

Inventory items that have met the obsolescence criteria established by the organization. For example, inventory that has been superceded by a new model or otherwise made obsolescent. Obsolete inventory will never be used or sold at full value. Disposing of the inventory may reduce a company's profit.

Objective Function
Obligated Material Also Reserved Material
Observational Research
Occupational
OC Curve
OCR
OD
ODD
OEM
Offal Material
Offer
Off Grade
Offset Quantity Also Overlap Quantity
Offsetting Also Lead Time Offset
OJT
One Less At A Time
One To One Marketing
One Touch Exchange Of Die (OTED) Or OTED
On Hand Balance
Online Processing
Online Service
On Order Stock
On The Job Training (OJT) Or OJT
On Time Schedule Performance
OOP
Open Order
Open Period
Operating Assets
Operating Cycle
Operating Efficiency
Operating Expense
Operating Profit Margin Ratio
Operational Planning
Operational Plans
Operation Chart Also Routing
Operation Costing
Operation Due Date
Operation Duration
Operation List Also Routing
Operation Number
Operation Overlapping Also Overlapped Schedule
Operationprocess Yield
Operation Reporting
Operation Sheet Also Routing
Operations Planning
Operation Splitting Also Lot Splitting
Operation Time
Opportunity Cost
Optical Character
Optical Character Recognition (OCR) Or OCR
Optical Scanning
Optimization
Option
Order
Order Backlog Also Backlog
Order Dating Also Order Promising
Order Entry
Order Fill Ratio Also Customer Service Ratio
Order Interval
Order Level System Also Fixed Reorder Cycle Inventory Model
Order Point Order Quantity System Also Fixed Reorder Quantity Inventory Model
Order Policy
Order Policy Code Also Lot Size Code
Order Preparation
Order Priority
Order Processing
Order Quantity Also Lot Size
Order Quantity Modifiers
Order Release
Order Reporting
Order Scheduling Also Operations Scheduling
Order Selection Also Order Picking
Order Shipment
Order Up To Level Also Target Inventory Level
Organizational Breakdown Structure
OS&D
OSHA
OSI
OTED
Outbound Stockpoint
Out Of Control Process
Out Of Pocket Costs
Out Of Spec
Output
Output Control
Output Standard
Outside Shop
Outsourcing
Over, Short, And Damaged OS&D Report Or OS&D
Overall Factors Also Capacity Planning Using Overall Factors (CPOF)
Overhead
Overhead Allocation
Overhead Base
Overhead Pool
Overhead Redo
Overissue Also Excess Issue
Overlap Quantity
Overload
Overrun
Overstated Master Production Schedule
Overtime
Owners Equity