An advice note is a crucial document issued by suppliers informing customers that goods have been dispatched. It typically arrives before the goods themselves.
A comprehensive guide to backorders, their causes, management strategies, and their impact on business operations.
Backward integration involves expanding a firm's activities to include the production of inputs previously purchased from outside sources. This strategic move can enhance quality, reliability, and market control.
A certain volume of stock, assumed to be constant in that stock levels are not allowed to fall below this level.
A Bill of Lading (BOL) is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. Integral to shipping and logistics, it serves as a shipment receipt, ensuring that the carrier is accountable for the delivered goods.
Bin cards are essential tools in inventory management, providing detailed stock information directly on storage bins.
Breakbulk refers to cargo that is transported in pieces, not containerized, typically loaded onto a ship or truck by the item or piece.
Bulk purchase refers to acquiring a significant quantity of a single item at a discounted price. This practice is often utilized by businesses to achieve cost savings and operational efficiencies.
An in-depth look at the role, responsibilities, and significance of buyers in various industries.
A comprehensive look at the role of Cargo Handlers in the logistics and supply chain industries. Explore the duties, types, importance, and historical context of cargo handling.
A carrier company is a business entity that provides transportation services, often involving the movement of goods and passengers. This type of company may employ lease-owner operators who use their own vehicles for the transportation services.
Explore the comprehensive pathway through which products and services reach the end consumer. Delve into the historical context, types, key events, explanations, formulas, diagrams, importance, applicability, examples, and more.
An in-depth look into the Chartered Institute of Purchasing and Supply (CIPS), a UK-based professional organization offering training, qualifications, and support for those in procurement and supply-chain management.
A supply chain model that integrates forward and reverse logistics, focusing on sustainability and resource efficiency.
The Cold Chain is a temperature-controlled supply chain essential for the transportation and storage of perishable goods, ensuring quality and safety from production to consumption.
A comprehensive guide on Competitive Tendering – the process of procuring goods or services by inviting bids, key events, types, detailed explanations, charts, applicability, examples, and FAQs.
An organization that purchases goods from local exporters on behalf of overseas buyers, managing negotiation, shipment, and insurance.
A comprehensive overview of consignees, their role in trade, historical context, and practical considerations in the modern business world.
A comprehensive guide to understanding the consignment note, its historical context, types, and significance in logistics.
Comprehensive understanding of consumer non-durables, including their definition, historical context, types, key events, formulas, models, charts, diagrams, importance, applicability, examples, considerations, related terms, comparisons, interesting facts, inspirational stories, famous quotes, proverbs, clichés, expressions, jargon, slang, FAQs, references, and summary.
A Container Freight Station (CFS) is a facility where containers are loaded or unloaded, facilitating the consolidation and deconsolidation of goods. This entry details its historical context, functions, key events, importance, and more.
Detailed exploration of Contingent Business Interruption (CBI) insurance, covering its historical context, types, key events, explanations, applicability, examples, considerations, related terms, comparisons, interesting facts, famous quotes, jargon, and FAQs.
Contingent Business Interruption (CBI) is an insurance coverage that protects businesses from financial losses due to operational interruptions at a supplier or customer's location.
Contract manufacturing is the practice of outsourcing production processes to third-party firms. This entry explores its historical context, types, key events, models, importance, applicability, examples, and related terms.
Crating specifically refers to the process of packing large items in wooden crates. This comprehensive article covers historical context, types of crates, key techniques, importance, examples, considerations, related terms, and more.
Days Inventory Outstanding (DIO) measures the average number of days a company holds inventory before selling it. It is a key performance indicator in inventory management and supply chain efficiency.
Detailed overview of Delivery Lead Time, its historical context, types, key events, importance, applicability, and examples, with comparisons, FAQs, and more.
A Delivery Note is a document provided by a supplier that details the items dispatched, ensuring proper tracking and confirmation of delivery.
An in-depth exploration of the demand rate, including its historical context, types, key events, mathematical models, applications, and more.
Derived demand refers to the demand for an input to a productive process, determined by the output of the good or service being produced. It also depends on the price of the input and the prices of other inputs which can either be substitutes or complements.
Understanding the key role of direct materials inventory in manufacturing processes, from historical context to practical applications.
An in-depth exploration of direct materials stocks, the raw materials awaiting transfer to production in a manufacturing process.
A comprehensive exploration of distribution centres, including their types, operations, historical context, significance, and related terms in logistics and supply chain management.
An in-depth look at distribution channels, including their historical context, types, key events, detailed explanations, and relevance in today's market.
Distribution channels are the broader pathways through which products reach end-users, including retail, online sales, and direct sales, ensuring goods travel efficiently from producers to consumers.
An in-depth examination of distribution overhead, including its types, importance, applicability, key considerations, and related terms.
An in-depth exploration of distributors, their role in the supply chain, types, key events, and their importance in various industries.
A comprehensive guide on the roles and functions of distributors and wholesalers in the supply chain, highlighting their differences, functionalities, and key considerations.
An in-depth exploration of downstream activities in various industries, focusing on integration processes, key events, examples, and their overall importance.
An in-depth look at Dropshipping, a retail fulfillment method where the store does not keep the products it sells in stock, its types, advantages, disadvantages, and applicability in e-commerce.
Economic Order Quantity (EOQ) is a decision model used in inventory management to determine the optimal order size for purchasing or manufacturing items of stock, minimizing total ordering and holding costs.
An in-depth examination of the elasticity of supply, exploring its definition, types, importance, applications, formulas, and much more.
Understanding the Economic Order Quantity (EOQ) model, its significance, mathematical formulas, examples, and application in inventory management.
Ethical sourcing involves procurement processes that consider the ethics of suppliers and their labor practices, ensuring responsible and sustainable supply chains.
Finished goods are products that have completed the manufacturing process and are ready for distribution to customers. This article explores their historical context, types, key events, detailed explanations, and much more.
Forward Logistics involves the processes and activities required to move goods from manufacturers to consumers. It plays a critical role in supply chain management.
Fragmentation in economics refers to the splitting of production processes into various stages, conducted in different geographical locations to optimize costs, efficiency, and output quality. This globalized approach to production allows businesses to capitalize on regional strengths and reduce overall production costs.
The term Free Carrier (FCA) is an International Commercial Term (Incoterm) where the seller delivers goods to a terminal or another named place, covering initial transportation risks and costs.
A Freight Broker acts as an intermediary between shippers who need to transport goods and carriers who have the necessary transportation equipment. They ensure efficient and effective transportation logistics.
Freight charges are fees levied for the transportation of goods, essential to the logistics and supply chain sectors. Understanding these charges is crucial for businesses and individuals engaged in the movement of products.
A comprehensive overview of freight services, including historical context, types, key events, explanations, models, charts, importance, applicability, examples, related terms, comparisons, interesting facts, quotes, and more.
A detailed overview of fulfillment centers, their role in logistics, types, operational processes, and significance in e-commerce.
A comprehensive guide to understanding fulfillment centres, their historical context, key features, importance, and their role in the modern economy.
Fulfillment Planning is the process of strategizing how to meet product demand following customer responses and orders. Discover detailed insights, types, tools, and examples in this encyclopedia entry.
An in-depth exploration of the Goods Issue Note (GIN), its historical context, categories, key components, applications, and significance in inventory management.
A comprehensive exploration of the Goods Receipt Note (GRN), including its definition, historical context, importance, types, examples, and related terms in the fields of Logistics, Supply Chain Management, and Accounting.
An in-depth exploration of Goods Received Notes (GRNs), their importance, key components, use cases, related terms, and practical considerations.
A comprehensive overview of Goods Received Notes (GRN) detailing their importance, historical context, types, key events, formulas, and applications in supply chain management.
Explore the detailed aspects of Goods Return Note (GRN), including its definition, types, key events, mathematical models, importance, applicability, examples, and related terms in the context of supply chain management.
Green Logistics refers to a systematic approach that integrates environmental considerations into logistics and supply chain management processes to reduce the ecological footprint of these activities.
A comprehensive guide on Goods Received Note (GRN), a crucial document in inventory management and supply chain processes.
GS1 is an organization that develops and maintains global standards for business communication, facilitating efficient and effective supply chain management.
An Identifier Used to Look Up Product Information
An in-depth explanation of Holding Costs, a critical aspect of inventory management covering its definition, types, special considerations, and applications.
An in-depth examination of Indefinite Delivery Vehicles (IDVs), types, applications, and strategic importance in procurement processes.
Understanding Indefinite Quantity Contracts, their types, importance, and practical applications.
Indirect materials are those materials that do not feature in the final product but are necessary to carry out the production, such as machine oil, cleaning materials, and consumable materials. Compare direct materials.
Understanding the prices at which services of production factors, fuels, materials, and intermediate products are acquired, including capital goods costs.
An intermediate good is a vital component used in the production of final goods, serving as an essential input in the manufacturing process.
A comprehensive examination of intermodal freight transport, exploring its historical context, types, key events, explanations, mathematical models, charts, importance, applicability, examples, and much more.
Intermodal transport refers to the use of more than one mode of transportation, such as rail and truck, to move goods from origin to destination efficiently.
Intermodal Transportation involves the use of multiple modes of transport, such as rail, truck, and ship, to move cargo more efficiently and effectively.
Stocks of goods held by businesses, including materials awaiting use in production, goods in process, and finished products awaiting sale.
Inventory, also known as stock or stock-in-trade, encompasses the products or supplies that an organization has on hand or in transit at any given time. In manufacturing, inventory is categorized into raw materials, work in progress, and finished goods. A vital aspect of business operations, inventory impacts financial statements and overall profitability.
Inventory Control (stock control) is a systematic approach to ensure that adequate but not excessive levels of stock are maintained by an organization, considering consumption levels, delivery lead times, reorder levels, and reorder quantities for each commodity.
An in-depth look at Inventory Management Systems (IMS), covering their historical context, types, key events, detailed explanations, mathematical models, diagrams, importance, applicability, examples, considerations, related terms, comparisons, interesting facts, and more.
Software and technology solutions that facilitate the tracking and management of inventory using SKUs and other identifiers. It tracks inventory levels, orders, sales, and deliveries.
An in-depth analysis of inventory shrinkage, including its causes, types, historical context, key events, formulas, and mitigation strategies.
An Inventory Specialist is a professional who focuses on managing stock levels and inventory control systems to ensure efficient supply chain operations.
Just-In-Time (JIT) is an approach to manufacturing designed to match production to demand by only supplying goods to order, reducing stocks of raw material and finished goods, and encouraging value-adding production activities.
An in-depth examination of the Just-In-Time (JIT) production system, its historical evolution, applications, benefits, and challenges.
Just-in-Time (JIT) is an inventory management strategy that aligns orders with production schedules to increase efficiency by receiving goods only as they are needed.
An inventory and production strategy that reduces holding costs and increases efficiency by receiving goods only as they are needed and aligning raw-material orders with production schedules.
Just-In-Time (JIT) Production: A detailed strategy aimed at reducing flow times within production systems as well as response times from suppliers and to customers, closely aligned with the focused factory philosophy.
Explore the concept of kitting, its historical context, types, key events, importance, applicability, and detailed explanations. Understand the mathematical models, charts, examples, considerations, and related terms.
An in-depth exploration of the process of labeling, its historical context, types, key events, detailed explanations, and applications in various industries.
A comprehensive guide on Last Mile Delivery, including historical context, types, key events, explanations, models, and its significance in modern logistics.
A Logistics Coordinator ensures the smooth flow of goods and services through the supply chain, managing relationships, documentation, and coordination.
A Logistics Manager focuses on managing logistics operations including storage, inventory, and distribution to ensure efficient and smooth supply chain processes.
A Logistics Park is a strategically located zone designed to facilitate warehousing and distribution needs for various industries. It functions as a central hub that supports the efficient movement of goods and materials.
Explore the distinctions between logistics and distribution, including their definitions, processes, and roles within supply chain management.
A comprehensive guide to understanding LTL shipping services, including historical context, types, key events, detailed explanations, mathematical models, charts, importance, applicability, examples, and more.
The elapsed time between placing a production order and the receipt of the completed production.
A comprehensive guide to understanding the manufacturing requisition, its historical context, types, key events, and applicability in production management.
In-depth exploration of materials, direct and indirect, and their roles in organizational production.
A comprehensive guide on material handling, its history, types, processes, and significance in modern logistics and supply chain management.
A comprehensive article detailing the Materials Returns Note, its historical context, types, key events, formulas, importance, applicability, examples, and more.
A comprehensive guide to understanding the Materials Returns Note (MRN), its purpose, categories, and significance in various industries.
A comprehensive article on Maximum Stock Level, an essential concept in inventory management that defines the highest amount of stock that should be maintained to meet demand without overstocking.
A detailed examination of megastores, their history, types, key events, importance, and impact in the retail industry.
