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Supply Chain Management > Abbreviations > Flashcards

Abbreviations Flashcards

0
Q

4 rights

A

Right product
Right quantity
Right place
Right time

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1
Q

3 T’s

A

Time
Trust
Transparency

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2
Q

4 R’s

A

Responsiveness
Reliability
Resilience
Relationships

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3
Q

ASRS

A

Automatic storage and retrieval systems

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4
Q

OSA

A

On shelf availability

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5
Q

OOS

A

Out of stock / stock out

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6
Q

Box trailer

A

For valuable goods / cold chain

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7
Q

Curtain sided

A

Less valuable goods

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8
Q

BPR

A

Business process re-engineering

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9
Q

YOY

A

Year on year

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10
Q

CPC

A

Certificate of professional competence

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11
Q

CMI

A

Co managed inventory

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12
Q

VMI

A

Vender managed inventory

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13
Q

CP

A

Collaborative planning

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14
Q

CPFR

A

Collaborative planning forecasting and replenishment

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15
Q

CRM

A

Customer relationship management

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16
Q

When you reach the volume limit of a container/pallet

A

Cube out

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17
Q

When you reach the weight limit of a container/pallet

A

Weight out

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18
Q

Coopetition

A

A strategy that is both co operative and competative

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19
Q

DMU

A

Decision making unit

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20
Q

DPP

A

Direct product profitability

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21
Q

DSD

A

Direct store delivery

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22
Q

DTS

A

Direct to store

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23
Q

EOC

A

Economic order quantity - eg buying a pallet when you may only need half

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24
Q

FGP

A

Factory gate pricing

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25
Q

FIFO

A

First in first out

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26
Q

LO LO

A

Lift on lift off

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27
Q

RO RO

A

Roll on roll off

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28
Q

FMCG

A

Fast moving consumer goods

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29
Q

CD

A

Consumer durables - washing machine

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30
Q

KAM

A

Key account management

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31
Q

KPI

A

Key performance indicator

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32
Q

KVI

A

Known value item

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33
Q

SKU

A

Stock keeping unit

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34
Q

SLA

A

Service level agreement

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35
Q

SRP

A

Shelf ready packaging

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36
Q

OBC

A

Open book costing

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37
Q

OEE

A

Overall equipment effectiveness

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38
Q

RTP

A

Returnable transit packaging

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39
Q

VCA

A

Value chain analysis

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40
Q

LEDC

A

Less economically developed countries

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41
Q

MDC

A

More developed countries

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42
Q

MSE

A

Micro and small enterprises

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43
Q

VMR

A

Value managed relationships

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44
Q

HACCP

A

Hazard analysis critical control point- to manage microbiological dangers

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45
Q

ETI

A

Ethical trading initiative

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46
Q

LCA

A

Life cycle assessment

47
Q

All activities relating to the purchase of goods, services or facilitating for suppliers - 4 R’s

A

Procurement

48
Q

What is 4PL

A

Fourth party logistics- overall management of the logistics network

49
Q

LSP

A

Logistics service provider

50
Q

ECR

A

Efficient consumer response

51
Q

4 P’s

A 
The traditional marketing mix
Price
Product
Place
Promotion
52
Q

Agile

A

Flexible/ responsive

53
Q

Bullwhip effect

A

Demand amplification, forrester effect - small changes in consumer demand is exaggerated though the supply chain

54
Q

Muda

A

Wastfulness - defects excess inventory overproduction excess transport

55
Q

Mura

A

Imbalance Uneven work loads

56
Q

Muri

A

Overload people under excess pressure = accidents/ breakdowns

57
Q

BPR

A

Business process re engineering

58
Q

BRC

A

British retail consortium

59
Q

CI

A

Continuous improvement

60
Q

CILT

A

Chartered institute of logistics and transport

61
Q

CIPS

A

Chartered institute of purchasing and supply

62
Q

CM

A

Category management

63
Q

CMI

A

Co managed inventory

64
Q

CP

A

Collaborative planning

65
Q

CPS

A

Collaborative planning system

66
Q

CSR

A

Corporate social responsibility

67
Q

DC

A

Distribution centres

68
Q

DCM

A

Demand chain management

69
Q

DMU

A

Decision making unit

70
Q

DRP

A

Distribution requirements planning

71
Q

DSA

A

Delivery schedule achievement

72
Q

DTS

A

Direct to store

73
Q

EAN

A

European article numbering system

74
Q

EDI

A

Electronic data interchange

75
Q

EDLP

A

Every day low price

76
Q

EFR

A

Efficient food service response

77
Q

EPoS

A

Electronic point of sale

78
Q

ERP

A

Enterprise resource planning

79
Q

EUL

A

Efficient unit loads

80
Q

FCC

A

Food chain centre

81
Q

FMCG

A

Fast moving consumer goods

82
Q

GPS

A

Global positioning satellite

83
Q

IGD

A

Institute of grocery distribution

84
Q

JIT

A

Just in time

85
Q

KAM

A

Key account management

86
Q

KPI

A

Key performance indicator

87
Q

KVI

A

Known value item

88
Q

LCA

A

Life cycle assessment

89
Q

LHVs

A

Longer heavier vehicles

90
Q

MRP

A

Material requirements planning

91
Q

NDC

A

National distribution centre

92
Q

NPD

A

New product development

93
Q

NPI

A

New product introductions

94
Q

OBC

A

Open book costing

95
Q

OEM

A

Original equipment manufacturer

96
Q

OSA

A

On shelf availability

97
Q

OTIF

A

On time in full

98
Q

PCC

A

Primary consolidation centre

99
Q

PDM

A

Physical distribution management

100
Q

QA

A

Quality assurance

101
Q

QC

A

Quality control

102
Q

QCD

A

Quality cost and delivery

103
Q

QR

A

Quick response

104
Q

RCE

A

Roll cage equivalent

105
Q

RDT

A

Radio data terminal

106
Q

RFID

A

Radio frequency identification

107
Q

RFT

A

Radio frequency tag

108
Q

RM

A

Relationship management

109
Q

RRP

A

Retail ready packaging / recommended retail price

110
Q

SCM

A

Supply chain management

111
Q

SCR

A

Supply chain relationships

112
Q

SLA

A

Service level agreement

113
Q

TEU

A

Twenty foot equivalent units

114
Q

TQM

A

Total quality management

115
Q

WMS

A

Warehouse management system

116
Q

VMR

A

Value managed relationship

Supply Chain Management (1 decks)

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