Glossary

See Society of Automotive Engineers (SAE).

A unique two-to-four letter coding system used to identify transportation companies. In the U.S., for inbound shipments, included in the manifest.

See Supply Chain Execution (SCE).

See Supply Chain Event Management (SCEM).

See Supply Chain Integration (SCI).

See Supply Chain Management (SCM).

See Supply Chain Operations Reference Model (SCOR).

See Secure Electronic Transaction (SET).

See Selling, General, and Administrative (SG&A) Expenses.

See Stock-Keeping Unit (SKU).

A goal setting method that incorporates Specific, Measureable, Achievable, Realistic, Timely (SMART) criteria to evaluate whether the goal is achieved.

See Standard Operating Procedure (SOP).

See Statement of Work (SOW).

Buffer inventory. Goods held above normal needs to protect against delays in receipt of supply or changes in customer demand.

Items suitable for sale to customers. Also called Saleable Goods.

The proportion of different products and services that comprise total sales. A change in the mix can increase or decrease profits due to margin differences.

A time-based projection of expected customer orders. Used as part of the manufacturing planning process to ensure products are available when needed.

The process of developing, revising, and implementing sales plans to support business objectives and increase profitability. Included within S&OP.

An integrated business management process that aligns demand, supply, and financial planning. Focuses operational areas to meet common objectives.

The location of a vessel that is tracked via a network of satelites. The information in updated on a regular basis.

A graphical depiction of a company's inventory that shows how the inventory level of a firm varies with time. The highs and lows often look like the teeth of a saw.

The ability to quickly increase production or services to meet demand.

Digitizing an image, allowing it to be stored, modified, or understood by a computer. An optical scanner is commonly used to read bar codes and RF tags.

A cost-saving, gain-sharing, productivity-incentive plan in which a specified saving (e.g., labor per unit) is shared equally between the workers and the organization.

A management process that identifies in advance likely sets of relevant circumstances and reviews the impact of alternative responses to those situations.