P - Definitions
-
P
pick to light
Pick to light is order fulfillment technology that employs alphanumeric displays and buttons at storage locations to guide the manual picking and recording of items for shipment.
-
poka-yoke
A poka-yoke is a mechanism that is put in place to prevent human error.
-
process manufacturing
Process manufacturing is a production method in which goods are created by combining supplies, ingredients or raw materials using a predetermined formula or recipe.
-
procure to pay (P2P)
Procure to pay is the process of requisitioning, purchasing, receiving, paying for and accounting for goods and services.
-
product as a service
Product as a service is the concept of selling the services and outcomes a product can provide rather than the product itself.
-
product data management (PDM)
Product data management (PDM) is the process of capturing and managing the electronic information related to a product so it can be reused in business processes such as design, production, distribution and marketing.
-
product information management (PIM)
Product information management (PIM) is a classification of software products that support the global identification, linking and synchronization of product information across heterogeneous data sources.
-
production planning
Production planning is the act of developing a guide for the design and production of a given product or service.
-
profit and loss statement (P&L)
A profit and loss statement (P&L), also called an income statement or statement of operations, is a financial report that shows a company's revenues, expenses and net profit or loss over a given period of time.
-
prototype
A prototype is an early version of a product from which future versions are developed.