A master production schedule (MPS) is a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc. It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded.

Matching is the process performed for goods and services ordered through a purchase order that takes place during receiving and approval processes.  

The "match" refers to comparing the quantities, price per unit, terms, and other information appearing on the three documents.  

Matching rights typically exist alongside rights of first refusal and usually bite after a right of refusal period has passed. A matching right is a promise that: “If any other person makes me an offer for my rights, I will come to you and, if you are willing to make me the same offer, I will sell you those rights.”

Is mechanical equipment used for the movement, storage, control and protection of materials, goods and products throughout the process of manufacturing, distribution, consumption and disposal.

Is the grouping of management functions supporting the complete cycle of materials flow, from the purchase and internal control of production materials to the planning and control of work in process to the warehousing, shipping, and distribution of the finished product.

During this stage, the product is established and the aim for the manufacturer or distributor is now to maintain the market share they have built up. This is probably the most competitive time for most products and businesses need to invest wisely in any marketing they undertake.

A measurement is an act of assigning a specific value to a physical variable. That physical variable becomes the measured variable.

A memorandum of understanding (MOU) is an agreement between two or more parties outlined in a formal document. It is not legally binding but signals the willingness of the parties to move forward with a contract. The MOU can be seen as the starting point for negotiations as it defines the scope and purpose of the talks.

A list of choices offered to the user which are typically accessed using a mouse.

A merchandiser is a business that purchases inventory and resells it to customers for a profit. Retailers and wholesalers are good examples of merchandisers because they typically buy goods from manufacturers to market and sell them to the public consumers.

The activity of promoting the sale of goods, especially by their presentation in retail outlets.

Factors or elements in a company‟s immediate area of operations that affect performance and decision-making abilities.

These factors include competitors, customers, distribution channels, suppliers and so forth.

A suite of applications that allows for the creation of documents, spreadsheets, and presentations, as well as an interface for email, cloud computing, and other applications.

An operating system that allows a PC to operate.

Milestones represent a point in the total project where activities can be signed off as completed. A milestone represents an activity or delivery which must be completed before other work can begin. There can be multiple milestones within in a contract. A milestone activity is a normally accompanied with a progress payment. 

A combination of the command system and the market system.

Mobile supply chain apps provide organizations with:

1.Real-time visibility - provides instant and up-to-date information 

2.Increased Collaboration - assists with geographical barriers in the supply chain, connecting all components regardless of location.

3.On-the-go Flexibility

4.Tracking of goods, people or processes.

5.Paperless / digital operations

A dialog box that locks the user out of an application until the dialog box is cleared.

A dialog box that allows a user to continue using applications while the box is open.

A current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.

Observe and check the progress or quality of (something or someone) over a period of time; keep under systematic review and maintain regular surveillance over

A single supplier of a particular product or service.

Refers to the standards that an individual or a group has about what is right and wrong, or good and evil.

A long-term loan where the bank provides a loan for the purchase of property and takes a charge over the asset.

Multimodal transport is the transportation of goods under a single contract, but performed with at least two different modes of transport; the carrier is liable for the entire carriage, even though it is performed by several different modes of transport.

The operating profit of a Measured Entity before tax. It incorporates both the equity / loss figures and abnormal items, but excludes extraordinary items as determined by Generally Accepted Accounting Practices (GAAP).

Negotiation is the process by which two or more parties confer or interact to reach consensus or agreement.

A person who conducts negotiations.

The value in the present of a sum of money, in contrast to some future value it will have when it has been invested at compound interest.

The actual profit after working expenses not included in the calculation of gross profit have been paid.

Measures customer loyalty.

An object or material that is unable to exist together.

DIFOT or OTIF is a measurement of logistics or delivery performance within a supply chain. Usually expressed as a percentage, it measures whether the supply chain was able to deliver: the expected product in the quantity ordered by the customer at the place agreed by the customer at the time expected by the customer.

An act or course of action to which a person is morally or legally bound; a duty or commitment.

The practice of basing some of a company's processes or services overseas, so as to take advantage of lower costs.

The proverb “one man’s trash is another man’s treasure” means what is perceived useless to one person can be valuable to another.

It means that the movement is public and available to all, rather than dedicated to one or more customers and operated as dedicated regular services. They leave and arrive in accordance with a published schedule, irrespective of whether or not the vehicle or craft is full or nearly empty.

Expenses associated with the maintenance and administration of a business on a day-to-day basis. The operating cost is a component of operating income and is usually reflected on a company's income statement.

Operating expenses include such things as payroll, sales commissions, employee benefits and pension contributions, transportation and travel, amortization and depreciation, rent, repairs, and taxes.

Operational strategies refers to the methods companies use to reach their objectives. By developing operational strategies, a company can examine and implement effective and efficient systems for using resources, personnel and the work process.

A view or judgement formed about something, not necessarily based on fact or knowledge.

When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice.

Is the right to buy or sell shares or securities at a set price and within a set period.

Relieves inventory from stocking locations to fill customer orders.

Is a computer software program that allows businesses to manage their orders and inventory.

Refers to the criteria that determine why a certain company wins the order. 

Order fill rate, also known as demand satisfaction rate is a Percentage of consumption orders satisfied from stock available at a moment.

It is a measure of an inventory's ability to meet demand. One needs to keep this order rate as high as possible to avoid delay in production of final product.