manufacturerclose
Manufacturerclose is a term found in some discussions of manufacturing and supply chain management. It refers to practices that aim to create a tightly coordinated relationship between manufacturers and their suppliers in order to shorten lead times, reduce inventories, and improve quality. The term is not widely standardized and does not appear as a formal concept in major business glossaries.
Origin and usage: The phrase appears as a compound of “manufacturer” and “close” or “close collaboration.” It
Practices: Common features attributed to the idea of manufacturerclose include joint production scheduling, shared forecasts, early
Relation to other concepts: The term is related to, and sometimes contrasted with, other supply chain approaches