A strength of ERP systems is that it is not necessary to have consistent definitions
across all functional areas.
One of the basic purposes of inventory analysis in manufacturing and stock keeping
services is to specify when items should be ordered.
Reengineering is about achieving a significant improvement in processes so that
contemporary customer requirements of quality, speed, innovation, customization, and
service are met.
Making adjustments to eliminate the variance between planned and actual output is tied
into intermediate-range capacity planning.
In the textbook, the expression “quality at the source” means that we need to purchase
the best quality a supplier or vendor can provide.
When we use a make-to-stock production process, we control our production based on a
desired amount of finished goods inventory.