Part is building block of a BOM, also designates an Inventory Item.
Also called Company P/N or Item Number.
Component is the manufacturer P/N we are purchasing from manufacturers.
The Combination of Manufacturer and its P/N is a Component.
Approved Vendor List.
(Also called – PPL, APL, QPL item)
Preferred Parts List.
Approved Parts List
Qualified Parts List
- All this terms defines the Catalog or the list of Parts (Company P/N’s) and their Components that are cataloged in the Company.
A company that Designs and Manufacturing Products.
A Company or an Individual that is hired by Contract to perform specific activity for a company.
Contract Manufacturer or Contractor.
A Company that is manufacturing a product by contract.
A general definition for:
- Franchised Distributor
- Rep. (Representative).
Product Change Notice.
Product Discontinue Notice.
End of Life.
Product life-cycle management.
Product Data Management.
Enterprise resource planning.
Material Requirements Planning.
New Product Introduction.