GLOSSARY OF TERMS
ABC analysis—The stratification of inventory into levels associated with monetary and/or volume levels. Materials planning utilizes this methodology extensively in planning methodologies.
APICS—American Production and Inventory Control Society. This organization of professionals is the keeper of the body of knowledge for inventory planning topics and process flow materials. It can be reached at 800-444-APIC.
ATO—Assemble to order. An inventory strategy that master-schedules assemblies for availability when demand happens. Subassemblies and/or components are assembled after the demand signal. Dell Computer has made this strategy famous in recent years.
audit—To audit a process such as inventory accuracy is to check accuracy ...