Abbreviation for approved vendor list, avoidable cost-A cost associated with an activity that would not be incurred if the activity was not performed (e.g., telephone cost associated with vendor suppo rt)....
In service operations, the part of the operation that is completed without direct customer contact. Many service operations contain both back room and front room operations. See: front room.
A technique for calculating operation start dates and due dates. The schedule is computed starting with the due date for the order and working backward to determine the required start date and/or due dates for each operation. Syn: backward scheduling. Ant: forward scheduling....
A method of inventory bookkeeping where the book (computer) inventory of components is automatically reduced by the computer after completion of activity on the component's upper-level parent item bas ed on what should have been used as specified on the bill of material and allocation records. This approach has the disadvantage of a built-in differential between the book record and what is physical ly in stock. Syn: explode-to-deduct, post-deduct inventory transaction processing. See: pre-deduct inventory transaction processing....