Bill of materialsA bill of materials or product structure (sometimes bill of material, BOM or associated list) is a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture an end product. A BOM may be used for communication between manufacturing partners or confined to a single manufacturing plant.
Sales orderThe sales order, sometimes abbreviated as SO, is an order issued by a business or sole trader to a customer. A sales order may be for products and/or services. Given the wide variety of businesses, this means that the orders can be fulfilled in several ways. Broadly, the fulfillment modes, based on the relationship between the order receipt and production, are as follows: Digital copy – Where products are digital and inventory is maintained with a single digital master.
Purchase orderA purchase order (PO) is a commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services required. It is used to control the purchasing of products and services from external suppliers. Purchase orders can be an essential part of enterprise resource planning system orders. An indent is a purchase order often placed through an agent (indent agent) under specified conditions of sale.
Build to orderBuild to order (BTO), sometimes referred to as make to order or made to order (MTO), is a production approach where products are not built until a confirmed order is received. The end consumer determines the time and number of produced products. Ordered products are customized to meet the design requirements of an individual, organization or business.Cutting stock problemIn operations research, the cutting-stock problem is the problem of cutting standard-sized pieces of stock material, such as paper rolls or sheet metal, into pieces of specified sizes while minimizing material wasted. It is an optimization problem in mathematics that arises from applications in industry. In terms of computational complexity, the problem is an NP-hard problem reducible to the knapsack problem.
Stock footageFilm or video footage that can be reused Stock footage, and similarly, archive footage, library pictures, and file footage is film or video footage that can be used again in other films. Stock footage is beneficial to filmmakers as it saves shooting new material. A single piece of stock footage is called a "stock shot" or a "library shot".InventoryInventory or stock is a quantity of the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials.
Backflush accountingBackflush accounting is a subset of management accounting focused on types of "postproduction issuing;" It is a product costing approach, used in a Just-In-Time (JIT) operating environment, in which costing is delayed until goods are finished. Backflush accounting delays the recording of costs until after the events have taken place, then standard costs are used to work backwards to 'flush' out the manufacturing costs.Inventory theoryMaterial theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research and operations management that is concerned with the design of production/inventory systems to minimize costs: it studies the decisions faced by firms and the military in connection with manufacturing, warehousing, supply chains, spare part allocation and so on and provides the mathematical foundation for logistics.
Tool managementTool management is needed in metalworking so that the information regarding the tools on hand can be uniformly organized and integrated. The information is stored in a database and is registered and applied using tool management. Tool data management consists of specific data fields, graphics and parameters that are essential in production, as opposed to managing general production equipment.
Henry Metcalfe (military officer)Captain Henry Metcalfe (October 29, 1847 – August 17, 1927) was an officer in the United States Army Ordnance Corps, inventor and early organizational theorist, known for his 1873 invention of a detachable magazine for small arms, for his work on modern management accounting, the development of the "time card" and his theory on the role of middle management.
Military supply-chain managementMilitary supply-chain management is a cross-functional approach to procuring, producing, and deliveringproducts and services for military materiel applications. Military supply chain management includes sub-suppliers, suppliers, internal information and funds flow. TerminologyA supply involves the procurement, distribution, maintenance while in storage, and salvage of supplies, including the determination of kind and quantity of supplies.*As an Amazon Associate I earn from qualifying purchases.