Supply Chain Terms

Supply Chain Terms

What does that supply chain term mean?

  • Supply Chain Terms

    33 Articles

  • Understanding Supply Chain Management

    2020-07-01

    Supply 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)

    2020-07-02

    Consumer 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

    2020-07-02

    Due 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

    2020-07-01

    What 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?

    2020-07-02

    Retail category management helps manage purchases, marketing, sales, and other retail measures on the category, in a general sense.

    Read Article →
  • Retail Category Management

    2020-07-08

    Category 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)?

    2021-06-24

    What 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

    2020-07-02

    Well-balanced business development depends on descriptive, predictive, and prescriptive analytics data. Here are the differences.

    Read Article →
  • What Is a Bill Of Lading (BOL)?

    2020-07-02

    A 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)

    2020-07-02

    A 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

    2020-06-10

    Which 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

    2021-01-26

    What 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?

    2021-01-27

    Have 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?

    2021-07-19

    What 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?

    2021-07-08

    What 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?

    2021-06-25

    What 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)?

    2021-06-04

    What 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?

    2021-05-21

    What 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?

    2021-05-19

    What 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?

    2021-05-18

    What 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?

    2021-03-24

    What 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?

    2021-02-02

    In 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?

    2021-02-01

    What 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?

    2021-01-29

    What 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?

    2021-01-28

    What 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)?

    2020-08-20

    What is Economic Order Quantity (EOQ)? How is the EOQ calculated? How does it impact inventory and retail orders?

    Read Article →
  • Demand Planning

    2020-07-02

    Demand 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?

    2020-10-23

    What 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?

    2020-07-01

    Less-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?

    2020-09-14

    Are 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)?

    2020-07-02

    EDI 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?

    2020-07-02

    What 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

    2020-07-01

    What 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.

    Read Article →