Glossary

Explore our comprehensive glossary of terms and definitions.

A

• ABC Analysis
• Accounts Payable
• Accounts Receivable
• Adaptive Resource Platform (ARP)
• Aggregate Planning
• Approved Vendor List (AVL)
• Assemble-to-Order (ATO)
• Available-to-Promise (ATP)

B

• Back Order
• Barcode
• Bill of Lading (BOL)
• Bill of Materials (BOM)
• Blanket Purchase Order

C

• Capacity Planning
• Chargeback
• Collaborative Planning, Forecasting, and Replenishment (CPFR)
• Configure, Price, Quote (CPQ)
• Consignment Inventory
• Consumer Packaged Goods (CPG)
• Cost of Goods Sold (COGS)
• Customer Acquisition Cost (CAC)
• Customer Lifetime Value (CLV)
• Cycle Counting

D

• Dead Stock
• Deduction Management
• Demand Forecasting
• Demand Planning
• Demand Sensing
• Direct-to-Consumer (DTC)
• Dropshipping

E

• Economic Order Quantity (EOQ)
• Electronic Data Interchange (EDI)
• Engineer-to-Order (ETO)
• Enterprise Resource Planning (ERP)

F

• Fill Rate
• First Expired, First Out (FEFO)
• First-In, First-Out (FIFO)
• First-Party Logistics (1PL)
• Fourth-Party Logistics (4PL)
• Freight Audit

G

• Goods Receipt
• Gross Margin

I

• Incoterms
• Inventory Management System (IMS)
• Inventory Optimization
• Inventory Turnover Ratio

J

• Just-in-Time (JIT)

K

• Kitting

L

• Landed Cost
• Last-In, First-Out (LIFO)
• Lead Time
• Lot Tracking & Lot Traceability

M

• Make-to-Order (MTO)
• Make-to-Stock (MTS)
• Master Production Schedule (MPS)
• Material Requirements Planning (MRP)
• Minimum Order Quantity (MOQ)
• Multi-Channel Fulfillment

O

• On Time In Full (OTIF)
• Order Management System
• Order-to-Cash (O2C)

P

• Pick, Pack, Ship
• Procure-to-Pay (P2P)
• Product Information Management (PIM)
• Purchase Order (PO)
• Purchase Requisition

Q

• Quote-to-Cash (Q2C)

R

• Reorder Point (ROP)
• Request for Proposal (RFP)
• Request for Quotation (RFQ)
• Rough-Cut Capacity Planning (RCCP)

S

• Safety Stock
• Sales and Operations Planning (S&OP)
• Sales Forecasting
• Sales Order
• Second-Party Logistics (2PL)
• Shelf Life Management
• Stock Keeping Unit (SKU)
• Stockout
• Strategic Sourcing
• Supplier Lead Time
• Supply Chain Management (SCM)

T

• Third-Party Logistics (3PL)
• Three-Way Match
• Total Cost of Ownership (TCO)

V

• Vendor Managed Inventory (VMI)
• Vendor Scorecard

W

• Warehouse Management System (WMS)
• Warehouse Slotting
• Work-in-Progress Inventory (WIP)