Offering a specific price for each job rather than setting a standard price that applies for all customers.
The response to the written request from a potential customer asking for the submission of a quotation or proposal to provide goods or services. The bid proposal is in response to an RFP or RFQ.
The process of determining component identities, quantities per assembly, and other parent/component relationship data for a parent item. Explosion may be single level, indented, or summarized.
List of components and parts for an asset, usually structured in hierarchical layers from gross assemblies or major end items to minor items down to component parts; a list of all parts.
A listing of the required capacity and key resources needed to manufacture one unit of a selected item or family. Rough-cut capacity planning uses these bills to calculate the approximate capacity requirements of the master production schedule.
A purchase arrangement in which a buyer contracts with a supplier to take delivery of an agreed upon quantity of goods at a specified price over a fixed period of time.
Expense of handling, space, information, insurance, special conditions, obsolescence, personnel and the cost of capital or alternative use of funds to keep parts in inventory. Also referred to as holding costs.
The planning, execution, and control of cash receipts and disbursements with the objective of maintaining the cash balance at a preset positive value. Syn: cash flow management.