Industry Terms
- Batching Rule
-
Combination of several smaller batches into one to reduce the MRP is called the Batch Rule.
Read more
- Bill of Materials (BOM)
-
An extensive list of raw materials, components required to manufacture or repair a product or service is called “bill of materials (BOM)”. A bill of materials often is designed in a format which keeps the finished product at the highest level and the other individual components and materials at the bottom. When it comes to […]
Read more
- Bullwhip Effect in Supply Chains: Causes & Solutions
-
The Bullwhip Effect is a phenomenon in the supply chain and distribution channels in which forecasts reveal supply chain inefficiencies.
Read more
- What is Backorder? Definition, Challenge, Tips & Tools
-
A backorder is an order which you assure to fulfill despite not having the concerned item in the inventory. The promise includes a shipping date until which your customer agrees to wait.
Read more
- What is Backflush?Process, Definition, and Benefits
-
Backflush is an accounting approach, used in a Just-In-Time (JIT) environment, in which costing is delayed until goods are finished. Costs are then ‘flushed’ back at the end of the production process and assigned to the goods. This approach helps in eliminating all work-in-process accounts and manual assignments of costs to products during the various […]
Read more