Supply Chain Terms
What does that supply chain term mean?
- Supply Chain Terms
33 Articles
Understanding Supply Chain Management
2020-07-01Supply Chain Management is a systematic and controlled procurement operation. SCM performance directly impacts an organization’s general performance.
Read Article →Defining Consumer Packaged Goods (CPG)
2020-07-02Consumer packaged goods describe merchandise that has to be reloaded frequently, as opposed to items that can be replenished after longer durations.
Read Article →The 4-5-4 Calendar Foundation
2020-07-02Due to holiday sales and returns, retailer calendars often begin in February and follow a 4-5-4 format and have a 53-week year.
Read Article →Bills of Materials: What They Are and How to Use Them
2020-07-01What is a Bill of Materials? A BOM is a list of ingredients in a centralized resource used in the manufacturing of a product.
Read Article →What is Category Management?
2020-07-02Retail category management helps manage purchases, marketing, sales, and other retail measures on the category, in a general sense.
Read Article →Retail Category Management
2020-07-08Category management is defined as a purchasing concept which groups products together into discrete classifications.
Read Article →What Is Gross Margin Return on Inventory Investment (GMROII)?
2021-06-24What is Gross Margin Return on Inventory Investment (GMROII)? Retailers use this metric to gauge how profitable a supplier is.
Read Article →Retail Data Explained: Descriptive, Predictive, And Prescriptive
2020-07-02Well-balanced business development depends on descriptive, predictive, and prescriptive analytics data. Here are the differences.
Read Article →What Is a Bill Of Lading (BOL)?
2020-07-02A Bill of Lading (or BOL) is a written, legal and binding contract used in freight shipping detailing the items in a shipment.
Read Article →When To Do SSOs (Store-Specific Orders)
2020-07-02A Store-Specific Order is needed to combat unexpected store out-of-stocks. It can also be used to stock stores in anticipation of special events.
Read Article →ABC Analysis & How Walmart Applies It to Its Inventory
2020-06-10Which products, customers, or purchased parts are the largest contributors to your company’s success? Use ABC analysis to find out.
Read Article →Understanding Freight Consolidation
2021-01-26What is freight consolidation? What does it mean to consolidate freight? What are the pros and cons? What are the types?
Read Article →What Is Cross-Docking?
2021-01-27Have you heard of cross-docking? We go over the types of cross-docking, the benefits and drawbacks, and who should use it.
Read Article →What Is Retail-Ready Packaging?
2021-07-19What is Retail-Ready Packaging (or Shelf-Ready Packaging)? RRP allows retailers to put products directly on the shelf from the truck.
Read Article →What Are the Different Types of Pack Sizes?
2021-07-08What are the different types of pack sizes in warehousing and logistics? We go over case packs and inner packs in this article.
Read Article →What Is Cross-Merchandising?
2021-06-25What is cross-merchandising, aka secondary product placement? Retailers use this marketing technique to sell complementary items.
Read Article →What Is a Global Location Number (GLN)?
2021-06-04What is a Global Location Number (GLN)? This reference code identifies all sorts of business locations in the supply chain world.
Read Article →What Is a Planogram and How Is It Used?
2021-05-21What is a planogram? How is it used in retail? Learn about planogramming and how it benefits suppliers and retailers alike.
Read Article →What Is a DUNS Number?
2021-05-19What is a Data Universal Numbering System (DUNS) number? How are DUNS numbers used in retail? How do I get a DUNS number?
Read Article →What is the Pareto Principle?
2021-05-18What is the Pareto Principle? How is it used in retail? How can SKU rationalization mitigate the effects of the Pareto Principle?
Read Article →What Is a SCAC Code, and How Is It Used?
2021-03-24What is a Standard Carrier Alpha Code (SCAC)? How is it used in the supply chain and logistics world? What are the common SCAC codes?
Read Article →What is TI/HI?
2021-02-02In the warehousing world, you may have heard the term TI/HI or Tie-High. This common logistics term refers to pallet stacking.
Read Article →What Is Stock Control?
2021-02-01What is stock control (AKA inventory control)? Learn about the various methods of stock control, pros and cons, and implementing it.
Read Article →What Is Vendor Managed Inventory?
2021-01-29What is Vendor Managed Inventory (VMI)? Learn about VMI, how it benefits both retailers and suppliers, and implementing it.
Read Article →What Is Aggregate Inventory Management?
2021-01-28What is aggregate inventory management? In this article, learn about aggregate inventory management, the benefits, and how to implement it.
Read Article →What is the Economic Order Quantity (EOQ)?
2020-08-20What is Economic Order Quantity (EOQ)? How is the EOQ calculated? How does it impact inventory and retail orders?
Read Article →Demand Planning
2020-07-02Demand planning tells you how much inventory you can expect to sell. It helps identify potential expansions, as well as potential threats.
Read Article →What Is a Supply Plan?
2020-10-23What is a supply plan? How can it help you maintain a well-oiled supply chain? How do you calculate a good supply plan?
Read Article →What Is LTL Shipping?
2020-07-01Less-than-truckload (LTL) shipping is a system of transporting a smaller shipment than a typical truck filled with one order.
Read Article →Should I Use Prepaid or Collect Freight?
2020-09-14Are you a new supplier looking at your shipping options, or are you a veteren considering changing? Should you use Prepaid or Collect?
Read Article →What Is EDI (Electronic Data Interchange)?
2020-07-02EDI is the direct computer-to-computer exchange of standard formatted business transactions between one or more business partners.
Read Article →What Is A Tariff And How Does It Affect Your Supply Chain?
2020-07-02What is a tariff? By definition, it is a tax placed on imported goods when they pass country borders. We discuss how tariffs affect supply chain.
Read Article →The Bullwhip Effect and How to Prevent It
2020-07-01What is the bullwhip effect in supply chain? How do you prevent it? It is a fault that gives rise to artificial supply and demand ups and downs.
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