Supply Chain Terms
What does that supply chain term mean?
- Supply Chain Terms
Understanding Supply Chain Management
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)
Consumer packaged goods describe merchandise that has to be reloaded frequently, as opposed to items that can be replenished after longer durations.Read Article →
What Is Gross Margin Return on Inventory Investment (GMROII)?
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
Well-balanced business development depends on descriptive, predictive, and prescriptive analytics data. Here are the differences.Read Article →
ABC Analysis & How Walmart Applies It to Its Inventory
Which products, customers, or purchased parts are the largest contributors to your company’s success? Use ABC analysis to find out.Read Article →
What Is A Tariff And How Does It Affect Your Supply Chain?
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
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 →