Employees enter their time and labor hours to specific jobs they are assigned to or completing.
A software engineer in charge of one or more software projects.
Lean, is a production practice that considers the expenditure of resources for any goal other than the creation of value for the end customer to be wasteful, and thus a target for elimination. Lean is centered on preserving value with less work.
An old method, technology, computer systems or application program that continues to be used, typically because it still functions for the users’ needs, even though newer technology or more efficient methods of performing a task are now available.
An acronym that stands for “last in, first out”; an asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold or disposed of first.
Identification number assigned to a particular quantity or lot of material from a single manufacturer.
Manufacturer’s, distributor’s, or retailers quoted, published, or displayed price on which quantity, seasonal, or other discounts are computed. Also called manufacturers suggested retail price (MSRP).
The length of time a product may be stored without becoming unsuitable for use or consumption.