ASCM Dictionary Terms 2024 Flashcards
Transportation
The function of planning, scheduling, and controlling activities related to mode, vendor, and movement of inventories into and out of an organization.
Warehousing
The activities related to receiving, storing, and shipping materials to and from production or distribution locations.
Logistics
1) In a supply chain management context, it is the subset of supply chain management that controls the forward and reverse movement, handling, and storage of goods between origin and distribution points.
2) In an industrial context, the art and science of obtaining, producing, and distributing material and product in the proper place and in proper quantities.
3) In a military sense (where it has greater usage), its meaning can also include the movement of personnel.
Order-to-Delivery Cycle
The period of time that starts when the customer places an order and ends when the customer receives the order.
Perfect Order
Undamaged orders in the right quantity, to the right location, on time, with the right documentation.
Imports
Products bought in one country and produced in another.
Exports
Products produced in one country and sold in another.
Packaging
Materials surrounding an item to protect it from damage during transportation. The type of packaging influences the danger of such damage.
Materials Handling
The movement and storage of goods inside the distribution center. This represents a capital cost and is balanced against the operating costs of the
facility. [It can be classified as receiving, in-storage transfer or handling, and shipping. Materials handling may be manual, equipment-assisted, or automated.]
Inventory Management
The branch of business management concerned with planning and controlling inventories.
Order Management
The planning, directing, monitoring, and controlling of the processes related
to customer orders, manufacturing orders, and purchase orders. Regarding
customer orders, order management includes order promising; order entry;
order pick, pack, and ship; billing; and reconciliation of the customer account. Regarding manufacturing orders, order management includes order release, routing, manufacture, monitoring, and receipt into stores or finished goods inventories. Regarding purchasing orders, order management includes order placement, monitoring, receiving, acceptance, and payment of supplier.
Customer Order Management
Order promising; order entry; order pick, pack, and ship; billing; and reconciliation of the customer account.
Manufacturing Order Management
Order release, routing, manufacture, monitoring, and receipt into stores or finished goods inventories.
Purchasing Order Management
Order placement, monitoring, receiving, acceptance, and payment of supplier.
