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MAD

mean average distribution


mass customization

the high-volume production of products that can be tailored to customer specifications, while keeping costs down for the manufacturer


mass production

the large volume manufacture of standardized goods using specialized equipment and labor


master data

information describing characteristics, such as cost collectors, customers, or vendors


master route design

Creating a master route sets the groundwork for a transportation system. Creating an optimal network (though often carrier-ships and trucks must adapt and make alternate plans in excution mode), sets the stage for the best price performance transporation strategy. This incorporates mix-mode and multi-mode approaches such as rail versus truck and ship versus air; it also evaluates the pricing of different lanes.


matching rules

a system used to determine what type of supporting documents are needed for an invoice


material and capacity allocation

allocations are made against materials that are in short supply.


mean absolute deviation

used to forecast errors, track signals, etc. The average of absolute values of the deviations of observed values from an expected value


mean time between failures

the mean average time period between failures of equipment or machinery


memo account

non-monetary reference amounts are stored in a financial statement


merchandise and assortment planning

see inventory optimization


merchandise planning

in retail, it is a method that analyzes demand at an item level, which helps retailers understand demand based demographics, store locations, shelves, and product positioning in the retail channel


minimum and maximum formulas

used in inventory management, mininum and maximum formulas allow enterprise to calculate replenishment by percentage, ratio, etc. to better meet demand. For example, minumum and maximum formulas by percentage might indicate that 20 percent of the quantity to be replenished must be small, 50 percent must be medium, and 30 percent must be large. A minimum and maximum formula by ratio might use a replenishment ratio of 2:3:4, so if an order is placed for six units of product small, then there must be nine units of medium, and twelve units of large.


model

a combination of factors and methods required to anlayze one or more alternatives of a decision. TEC modesl include a hierarchy, definitions, priorities, rating methods, and other items used to compose a knowledge base of information about may different vendors or provider solutions


multilevel disaggregating

multilevel aggregation


multiprice promotions

in retail, multiprice promotions include buy one, and get one free; buy two, get one free etc.


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