Distributed Inventory: Inventory that is geographically dispersed. As an example, where by a corporation maintains inventory in numerous distribution facilities to offer a higher degree of customer care.
Comparative Gain: A basic principle according to the belief that a place will concentrate on generating goods for which it has the greatest benefit or even the the very least comparative drawback.
Balanced Scorecard: A structured measurement process according to a mixture of monetary and non-money steps of small business effectiveness. A list of economic and operational measurements utilized To judge organizational or supply chain effectiveness.
Consolidator's Invoice of Lading: A Monthly bill of lading issued by a consolidator like a receipt for merchandise that can be grouped with cargo obtained from other shippers. See also House Air Waybill.
Bar Coding: A means of encoding facts for rapid and precise readability. Bar codes can be a number of alternating bars and spaces printed or stamped on items, labels, or other media, symbolizing encoded data which may be read through by Digital audience called bar.
Maersk's announcement is the latest motion in its work to reinvent by itself being an built-in container transportation and logistics provider.
Council of Source Chain Management Gurus (CSCMP): The CSCMP is often a not-for-revenue Expert enterprise organization consisting of individuals through the planet that have pursuits and/or tasks in logistics and supply chain administration, plus the associated functions which make up these professions.
Benchmarking: The entire process of comparing functionality from the techniques of other main firms for the goal of strengthening overall performance. Companies also benchmark internally by monitoring and evaluating present-day efficiency with earlier functionality.
In spite of sector or section, productive System operators have various things in common. They produce an setting the place Every person on the platform — the operator, companions, rivals and even clients — contributes to shopper ordeals.
Channel: one. A technique whereby a company dispenses its merchandise, for instance a retail or distribution channel, phone Middle, or an online-based mostly Digital storefront. two. A push technological innovation that enables users to subscribe into a Web-site to browse offline, instantly Display screen up-to-date internet pages on their screen savers, and obtain or receive notifications when internet pages during the Site are modified.
Bar Code: A symbol consisting of the series of printed bars symbolizing values. A you could look here method of optical character reading, scanning, tracking of models by examining a series of printed bars for translation into a numeric or alphanumeric identification code. A well known instance could be the UPC code utilized see this website on retail packaging.
Contribution: The distinction between income price tag and several expenses. Contribution is used to cover mounted expenditures and income.
Dumping: When a product is bought underneath Value within a international market place and/or when a product is marketed in a lower cost inside the foreign market place than inside of a domestic current market, With all the intention of driving out Competitiveness inside the overseas current market.
Billing: A provider terminal activity that decides the appropriate rate and overall charges for just a shipment and difficulties a freight Monthly bill.