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World Class Master Scheduling by Donald Sheldon

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GLOSSARY OF TERMS

ABC classification — Stratification strategy for dividing inventory into categories of importance. It is used in planning and other materials function decisions.

APICS (American Production and Inventory Control Society) — Professional society for materials and operations professionals worldwide.

Assemble to order (ATO) — Inventory strategy where inventory is kept one level down from the final customer ready and assembled as customer order is received.

Available to promise (ATP) — Calculation in which the dates are determined for available planned inventory in the master production schedule.

Backflush — Transaction automatically triggered by another transaction. Usually found in inventory balance transactions. Also sometimes ...

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