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the process of buying or using products
consumption
the period of time from when a customer places an order to when a customer gets the order
lead time
a kind of production run where a large quantity of goods are made over a long period of time
long run
the number of items in a batch
lot size
the process of replacing supplies that have been used, or putting new supplies into something
replenishment
a kind of production run where a small quantity of product is made often
short run
products sent to the seller with the agreement that payment will be made to the manufacturer only when the items are sold
consignment
materials that are purchased by a company to be processed or manufactured
raw materials
a complete list of materials or products in stock
inventory
materials that have been processed in some way, but are not finished
work in progress
materials that are in transit, off-site, or held by a seller on consignment
distribution inventory
