Sprint 2 Flashcards
Gross domestic planning
Manages material demand and converts primary demand into secondary demand
Primary demand
Sellable item (finished goods)
secondary demand
Demand for raw materials to create primary demand
Bill of materials (BOM)
Document that shows an inclusive listing of all component parts and assemblies making u the final product
Gross demand
Total demand not considering stock and scheduled receipts
Total demand
Total demand considering stock and scheduled receipts
Tertiary demand
Demand for auxiliary and utility materials
Calculation of additional demand
X * (1-scrap)= dependent demand
Workshop stock
Inventory that is present in production but not recorded as warehouse stock
Order inventory
Ordered from suppliers but not received yet
Blocked stock
Inventory that’s not available due to quality concerns
ABC analysis
The ranking of all items of inventory according to importance
XYZ analysis
Method that identifies and defines items of inventory depending on their usage
