Supply Chain Glossary – M Letter

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Description

  • Manufacturing Process: The manufacturing process involves transforming raw materials into finished products through various production methods.
  • Materials Management: Materials management encompasses planning, procurement, and control of materials used in production and operations.
  • Master Production Schedule (MPS): MPS is a detailed plan specifying what products to manufacture, when, and in what quantities.
  • Multi-Sourcing: Multi-sourcing strategy involves obtaining materials or components from multiple suppliers to reduce supply chain risk.
  • Make-to-Order (MTO): MTO manufacturing produces products only when there is a customer order to minimize inventory.
  • Manufacturing Lead Time: Manufacturing lead time is the time required to produce a product from order placement to completion.
  • Materials Requirement Planning (MRP): MRP is a system for planning and managing materials needed for production.
  • Multi-Echelon Inventory: Multi-echelon inventory optimization aims to reduce inventory levels while ensuring product availability across multiple locations.
  • Maintenance, Repair, and Operations (MRO): MRO includes activities related to maintaining and repairing equipment and facilities.
  • Make-to-Stock (MTS): MTS manufacturing produces products in anticipation of customer demand, maintaining inventory.
  • Manufacturing Execution System (MES): MES is software that manages and monitors manufacturing processes on the shop floor.
  • Material Flow: Material flow optimization ensures the efficient movement of materials within a manufacturing or supply chain operation.
  • Multi-Modal Transportation: Multi-modal transportation combines various transportation modes (e.g., truck, rail, air) for efficient cargo movement.
  • Master Data Management (MDM): MDM maintains consistent and accurate data about products, customers, and suppliers across an organization.
  • Make-to-Assemble (MTA): MTA manufacturing produces components and assembles them into finished products when orders are received.
  • Manufacturing Capacity Planning: Capacity planning assesses the production capabilities to meet current and future demand.
  • Materials Handling: Materials handling involves the movement, storage, and control of materials within a facility or warehouse.
  • Multi-Objective Optimization: Multi-objective optimization considers multiple criteria when making decisions to balance conflicting goals.
  • Make-or-Buy Decision: Make-or-buy decisions evaluate whether to manufacture a component in-house or purchase it from an external supplier.
  • Manufacturing Quality Control: Quality control ensures that products meet specified quality standards during the manufacturing process.
  • Material Traceability: Material traceability enables tracking and documenting the origin and movement of materials throughout the supply chain.
  • Multi-Site Manufacturing: Multi-site manufacturing involves production facilities in multiple locations, often to reduce transportation costs.
  • Master Production Plan (MPP): MPP outlines the overall production strategy, including the production schedule and resource allocation.
  • Manufacturing Sustainability: Manufacturing sustainability focuses on environmentally responsible practices in production processes.
  • Material Handling Equipment (MHE): MHE includes tools and machinery used for moving and transporting materials within a facility.
  • Multi-Sourcing Strategy: A multi-sourcing strategy involves diversifying suppliers to mitigate risks and ensure a reliable supply chain.
  • Make-to-Configure (MTC): MTC manufacturing produces products with flexible configurations based on customer specifications.
  • Manufacturing Efficiency: Manufacturing efficiency measures how effectively resources are used to produce goods.
  • Material Safety Data Sheet (MSDS): MSDS provides information on the safe handling, storage, and disposal of hazardous materials.
  • Multi-Channel Distribution: Multi-channel distribution uses various sales and delivery channels to reach customers, such as retail stores and e-commerce.
  • Make-to-Design (MTD): MTD manufacturing customizes products based on unique customer design requirements.
  • Manufacturing Automation: Manufacturing automation uses machinery and technology to streamline production processes and reduce labor.
  • Material Requirements Planner: A material requirements planner manages and optimizes material procurement to support production plans.