 A complete supply chain dedicated to the reverse flow of products and materials for the purpose of returns, repair, remanufacture, and/or recycling.
Reference: APICS Dictionary
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 Photo Credit: https://vpf.mit.edu/about-vpf/business-units/financial-operations/procurement-operations The business functions of procurement planning, purchasing, inventory control, traffic, receiving, incoming inspection, and salvage operations.
 Enroll in an APICS course today and learn more. A technique for calculating operation start dates and due dates. The schedule is computed starting with due date for the order and working backward to determine the required start date and/or due dates for each operation.
 Click on the photo above to enroll in an APICS Course today. The rate of production usually expressed in units, cases, or some other measure, expressed by a period of time (e.g., per hour, shift, day or week). Syn. Production level.
 Photo Credit: https://www.marense.com/en/continuous-improvement/lean-management/kaizen-event/ A time-boxed set of activities carried out by the cell team during the week of cell implementation. The kaizen event is an implementation arm of a lean manufacturing program. See also: Kaizen Blitz. Want to learn more? APICS Anaheim has many different courses that advocate and teach more about kaizen events. Whether you're looking to further your career or learn techniques that will advance your skill set, visit the courses below and find the APICS course that meets your needs.
 Photo Credit: https://www.allaboutlean.com/kanban-formula-part1/ A method of just-in-time production that uses standard containers or lot sizes with a single card attached to each. It is a pull system in which work centers signal with a card that they wish to withdraw parts from feeding operations or suppliers. The Japanese word kanban, loosely translated, means card, billboard, or sign but other signaling devices such as colored golf balls have also been used. The term is often used synonymously for the specific scheduling system developed and used by the Toyota Corporation in Japan.
 The number of times that an inventory cycles, or “turns over,” during the year. A frequently used method to compute inventory turnover is to divide the average inventory level into the annual cost of sales. For example, an average inventory of $3 million divided into an annual cost of sales of $21 million means that inventory turned over seven times. Syn: inventory turns, turnover.
 Authorization to receive goods, such as a blanket release, firm purchase order item, or supplier schedule. Open-to-receive represents near-term impact on inventory and is often monitored as a control technique in aggregate inventory management. The total of open-to-receive, other longer-term purchase commitments, and open-to-buy represents the material and services cash exposure of the company.
 Key strategic relationships. By partnering with big players, via equity offerings if necessary, a company creates barriers to entry into supply chain relationships for competitors.
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