Supply Chain Terms
What does that supply chain term mean?
- Supply Chain Terms
37 Articles
An Introduction to Supply Chain Management
Supply Chain Management is a systematic and controlled procurement operation. SCM performance directly impacts an organization’s general performance.
Read Article →What Are CPGs? Defining Consumer Packaged Goods
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 the 4-5-4 Calendar, and How Does it Work?
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 →What is a Bill of Materials?
Learn why a Bill of Materials (BOM) is crucial, how to prepare one, and the key components needed for efficient product manufacturing.
Read Article →What is Category Management?
Retail category management helps manage purchases, marketing, sales, and other retail measures on the category, in a general sense.
Read Article →Retail Category Management
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)?
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 →What Is a Bill Of Lading (BOL)?
A Bill of Lading (or BOL) is a signed, legal, and binding contract used in freight shipping detailing the items in a shipment.
Read Article →When to Do SSOs (Store-Specific Orders)
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
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
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?
Learn how cross-docking operates, exploring its various methods, benefits, and potential drawbacks to optimize your supply chain efficiency.
Read Article →What Is Retail-Ready Packaging?
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?
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?
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)?
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?
Learn what a planogram is and how it helps retailers maximize shelf space, manage inventory, and boost sales through strategic product placement.
Read Article →What Is a DUNS Number?
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?
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?
Discover what a SCAC code is, its role in freight and logistics, and how to obtain one to streamline your shipping operations.
Read Article →What is TI/HI?
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?
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?
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?
What is aggregate inventory management? In this article, learn about aggregate inventory management, the benefits, and how to implement it.
Read Article →What is Economic Order Quantity (EOQ)?
What is Economic Order Quantity (EOQ)? How is the EOQ calculated? How does it impact inventory and retail orders?
Read Article →What is Demand Planning?
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?
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?
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?
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)?
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?
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 →Walmart’s Shipping and Routing Transportation Guide Glossary
In Walmart's shipping and routing transportation Guide, they have a glossary of some of the most basic and more retailer-specific logistics terms.
Read Article →How Do Trade Discounts Work?
Trade discounts are a common practice in the business world. They are reductions in the listed price of goods or services given by sellers to buyers.
Read Article →What Is PDQ (Pretty Darn Quick)?
Learn about PDQ displays, their function, design rules, and how to optimize them for Walmart’s retail-ready packaging requirements.
Read Article →Finelines & How they Affect Sales
Learn how finelines organize products, improve sales forecasting, and enhance retail strategies for suppliers and retailers.
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