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  2. SAP NetWeaver Process Integration - Wikipedia

    en.wikipedia.org/wiki/SAP_NetWeaver_Process...

    SAP NetWeaver Process Integration (SAP PI) is SAP's enterprise application integration (EAI) software, a component of the NetWeaver product group used to facilitate the exchange of information among a company's internal software and systems and those of external parties.

  3. Direct material price variance - Wikipedia

    en.wikipedia.org/wiki/Direct_material_price_variance

    Let us assume that the standard direct material cost of widget is as follows: 2 kg of unobtainium at € 60 per kg ( = € 120 per unit). Let us assume further that during the given period, 100 widgets were manufactured, using 212 kg of unobtainium which cost € 13,144. Under those assumptions direct material price variance can be calculated as:

  4. Materials management - Wikipedia

    en.wikipedia.org/wiki/Materials_management

    Materials management is a core supply chain function and includes supply chain planning and supply chain execution capabilities. Specifically, materials management is the capability firms use to plan total material requirements. The material requirements are communicated to procurement and other functions for sourcing.

  5. Material requirements planning - Wikipedia

    en.wikipedia.org/wiki/Material_requirements_planning

    Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives:

  6. Direct material usage variance - Wikipedia

    en.wikipedia.org/wiki/Direct_material_usage_variance

    In variance analysis, direct material usage (efficiency, quantity) variance is the difference between the standard quantity of materials that should have been used for the number of units actually produced, and the actual quantity of materials used, valued at the standard cost per unit of material.

  7. Manufacturing resource planning - Wikipedia

    en.wikipedia.org/wiki/Manufacturing_resource...

    Manufacturing Resource Planning or Management resource planning (or MRP2) - Around 1980, over-frequent changes in sales forecasts, entailing continual readjustments in production, as well as the unsuitability of the parameters fixed by the system, led MRP (Material Requirement Planning) to evolve into a new concept .

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  9. Price elasticity of supply - Wikipedia

    en.wikipedia.org/wiki/Price_elasticity_of_supply

    The price elasticity of supply (PES or E s) is commonly known as “a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.” Price elasticity of supply, in application, is the percentage change of the quantity supplied resulting from a 1% change in price.