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Theory of constraints
The theory that every supply chain has at least one constraint, defined by limiting throughput of the entire interconnected system
ERP
Stands for Enterprise Resource Planning. Because the steps in business processes are often performed in clocations that are geographically dispersed it is impossible to mange them effectively without technology, which is where this comes in…
Non-Integrated
In a ___-________ system, functions must be updated in batches, ex- inventory transactions are posted in batches to the accounting system.
Delays
Consequences of ______ are increased lead times, increased cycle times, poor customer service.
Processes
_______ are cross-functional.
SAP
Headquartered in Walldorf, Germany in 1972, and is the world’s largest provider of enterprise application software.
SAP ERP
Designed to integrate global data through multi-lingual and multicurrency within one system.
The main building blocks to flexibly configure SAP are structure of organizational data and master data set for each material at various organizational levels
Material number SKU
A unique number is assigned to every material. Material numbers can be up to 18 characters long.
Days of supply
Calculates how long your inventory will last, on hand/average usuage, dynamic, not fixed.
Technologies
SAP connects new ________ to businesses, and make individual tasks smarter.