Gain Sharing

A method of incentive compensation where supply chain(1) Starting with unprocessed raw materials and en... partners share collectively in savings from productivityA measure of resource utilization efficiency defin... improvements. The concept provides an incentive to both the buying and supplier organizations to focus on continually reevaluating, reenergizing, and enhancing their business relationship. all aspects of value delivery are scrutinized, including specification design, order processingActivities associated with filling customer orders..., inbound transportation, inventory managementThe process of ensuring the availability of produc..., obsolescence programs, material yieldThe ratio of usable output from a process to its i..., forecastingPredictions of how much of a product will be purch... and inventory1) Raw materials, work in process, finished goods,... planning, productSomething that has been or is being produced. performance, and reverse logisticsWhat is Reverse logistics?Reverse logistics can be.... The focus is on driving out limited value cost while protecting profit margins.