{"id":1648,"date":"2017-12-26T08:51:05","date_gmt":"2017-12-26T16:51:05","guid":{"rendered":"https:\/\/www.aiminsight.com\/?p=1648"},"modified":"2017-12-29T11:59:50","modified_gmt":"2017-12-29T19:59:50","slug":"supply-chain-and-operations-management-glossary-i","status":"publish","type":"post","link":"https:\/\/www.aiminsight.com\/blog\/uncategorized\/supply-chain-and-operations-management-glossary-i\/","title":{"rendered":"Supply Chain and Operations Management Glossary (I)"},"content":{"rendered":"

IATA (International Air Transport Association):<\/strong>\u00a0An association\/cartel of most of the world\u2019s passenger
\nairlines for coordinating such things as fares on international flights. See http:\/\/www.iata.org. Icelandair was an early nonmember.<\/p>\n

ICC (Interstate Commerce Commission):<\/strong>\u00a0A U.S. federal transportation regulatory agency that was
\nlegislated out of existence as part of transportation deregulation. See STB.<\/p>\n

IFR (Increasing Failure Rate):<\/strong>\u00a0A failure rate curve such that the probability of failing in the next instant, given that the machine has not yet failed, is increasing with time. Thus, preventive maintenance tends to be a good thing to do. Incandescent light bulbs, for example, tend to be IFR. Once they have accumulated 1000 hours, the probability of failure increases. See also DFR, MTBF.<\/p>\n

i.i.d. (Independent, Identically, Distributed):<\/strong>\u00a0random variables, which have the same distribution and are independent in the sense that knowledge of one variable\u2019s value provides no information about the value of another.<\/p>\n

Inbound:<\/strong>\u00a0A shipment into a DC. Tends to be on larger vehicles.<\/p>\n

Incentive compatible:<\/strong>\u00a0A feature of a business agreement such that when the individual partner maximizes his own profits, he will also maximize the total profits of all partners to the agreement. Such an agreement typically involves some form of revenue sharing. See also: co-op advertising, transfer price. INFORMS (INstitute For Operations Research and Management Sciences) http:\/\/www.informs.org.<\/p>\n

IP (Integer programming):<\/strong>\u00a0a generalization of linear programming that allows some variables to be restricted to integer values. It is very useful for planning models with go\/no-go decision variables.<\/p>\n

IP (internet protocol):<\/strong>\u00a0a widely used standard format for moving data over a network based in part upon eaking a message into packets of standard size, with the first few bytes providing the destination address.<\/p>\n

Item fill rate:<\/strong>\u00a0fraction of items ordered that were in fact shipped. See order fill rate and line item fill rate.<\/p>\n

Inter-modal:<\/strong>\u00a0see multi-modal.<\/p>\n

Internet:<\/strong>\u00a0a large set of computers connected by a physical network that uses the IP method of communication.<\/p>\n

Intranet:<\/strong>\u00a0a communication network within in a firm, typically based upon IP, but physically restricted to
\nonly users within the firm.<\/p>\n

Inventory turns:<\/strong>\u00a0a variation of the Little Flow equation. It states: (turns per period) = (sales or transaction per period)\/(inventory level) = 1\/(average time in system).<\/p>\n

IRI (Information Resources, Inc.):<\/strong>\u00a0A Chicago based supplier of industry sales data for consumer products (e.g., supermarkets). These data are obtained from sources such as cash register scanners. Another supplier of such data is A.C. Nielsen.<\/p>\n

ISBN (International Standard Book Number):<\/strong>\u00a0A ten digit product code used for book products. The first digit represents the country, the next several digits the publisher, the next several digits the product, and the final digit is a check digit = (1*d1 + 2*d2+\u2026+9*d9) mod 11. A check digit of 10 is represented by X. The check digit will catch any single digit error or any single transposition. See also
\nUPC.<\/p>\n

ISO (International Standards Organization):<\/strong>\u00a0An international organization to coordinate the setting of standards to facilitate international commerce. See http:\/\/www.iso.ch\/welcome.html.<\/p>\n

ISO 9000:<\/strong>\u00a0a set of standards, originated in Europe, for business processes. A firm that is ISO 9000 certified has its major business processes well documented and is supposedly a more reliable business partner.<\/p>\n","protected":false},"excerpt":{"rendered":"

IATA (International Air Transport Association):\u00a0An association\/cartel of most of the world\u2019s passenger airlines for coordinating such things as fares on international flights. See http:\/\/www.iata.org. Icelandair was an early nonmember. ICC (Interstate Commerce Commission):\u00a0A U.S. federal transportation regulatory agency… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1648","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts\/1648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/comments?post=1648"}],"version-history":[{"count":2,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts\/1648\/revisions"}],"predecessor-version":[{"id":1724,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts\/1648\/revisions\/1724"}],"wp:attachment":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/media?parent=1648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/categories?post=1648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/tags?post=1648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}