Abbreviations Flashcards
(117 cards)
0
Q
4 rights
A
Right product
Right quantity
Right place
Right time
1
Q
3 T’s
A
Time
Trust
Transparency
2
Q
4 R’s
A
Responsiveness
Reliability
Resilience
Relationships
3
Q
ASRS
A
Automatic storage and retrieval systems
4
Q
OSA
A
On shelf availability
5
Q
OOS
A
Out of stock / stock out
6
Q
Box trailer
A
For valuable goods / cold chain
7
Q
Curtain sided
A
Less valuable goods
8
Q
BPR
A
Business process re-engineering
9
Q
YOY
A
Year on year
10
Q
CPC
A
Certificate of professional competence
11
Q
CMI
A
Co managed inventory
12
Q
VMI
A
Vender managed inventory
13
Q
CP
A
Collaborative planning
14
Q
CPFR
A
Collaborative planning forecasting and replenishment
15
Q
CRM
A
Customer relationship management
16
Q
When you reach the volume limit of a container/pallet
A
Cube out
17
Q
When you reach the weight limit of a container/pallet
A
Weight out
18
Q
Coopetition
A
A strategy that is both co operative and competative
19
Q
DMU
A
Decision making unit
20
Q
DPP
A
Direct product profitability
21
Q
DSD
A
Direct store delivery
22
Q
DTS
A
Direct to store
23
Q
EOC
A
Economic order quantity - eg buying a pallet when you may only need half
24
FGP
Factory gate pricing
25
FIFO
First in first out
26
LO LO
Lift on lift off
27
RO RO
Roll on roll off
28
FMCG
Fast moving consumer goods
29
CD
Consumer durables - washing machine
30
KAM
Key account management
31
KPI
Key performance indicator
32
KVI
Known value item
33
SKU
Stock keeping unit
34
SLA
Service level agreement
35
SRP
Shelf ready packaging
36
OBC
Open book costing
37
OEE
Overall equipment effectiveness
38
RTP
Returnable transit packaging
39
VCA
Value chain analysis
40
LEDC
Less economically developed countries
41
MDC
More developed countries
42
MSE
Micro and small enterprises
43
VMR
Value managed relationships
44
HACCP
Hazard analysis critical control point- to manage microbiological dangers
45
ETI
Ethical trading initiative
46
LCA
Life cycle assessment
47
All activities relating to the purchase of goods, services or facilitating for suppliers - 4 R's
Procurement
48
What is 4PL
Fourth party logistics- overall management of the logistics network
49
LSP
Logistics service provider
50
ECR
Efficient consumer response
51
4 P's
```
The traditional marketing mix
Price
Product
Place
Promotion
```
52
Agile
Flexible/ responsive
53
Bullwhip effect
Demand amplification, forrester effect - small changes in consumer demand is exaggerated though the supply chain
54
Muda
Wastfulness - defects excess inventory overproduction excess transport
55
Mura
Imbalance Uneven work loads
56
Muri
Overload people under excess pressure = accidents/ breakdowns
57
BPR
Business process re engineering
58
BRC
British retail consortium
59
CI
Continuous improvement
60
CILT
Chartered institute of logistics and transport
61
CIPS
Chartered institute of purchasing and supply
62
CM
Category management
63
CMI
Co managed inventory
64
CP
Collaborative planning
65
CPS
Collaborative planning system
66
CSR
Corporate social responsibility
67
DC
Distribution centres
68
DCM
Demand chain management
69
DMU
Decision making unit
70
DRP
Distribution requirements planning
71
DSA
Delivery schedule achievement
72
DTS
Direct to store
73
EAN
European article numbering system
74
EDI
Electronic data interchange
75
EDLP
Every day low price
76
EFR
Efficient food service response
77
EPoS
Electronic point of sale
78
ERP
Enterprise resource planning
79
EUL
Efficient unit loads
80
FCC
Food chain centre
81
FMCG
Fast moving consumer goods
82
GPS
Global positioning satellite
83
IGD
Institute of grocery distribution
84
JIT
Just in time
85
KAM
Key account management
86
KPI
Key performance indicator
87
KVI
Known value item
88
LCA
Life cycle assessment
89
LHVs
Longer heavier vehicles
90
MRP
Material requirements planning
91
NDC
National distribution centre
92
NPD
New product development
93
NPI
New product introductions
94
OBC
Open book costing
95
OEM
Original equipment manufacturer
96
OSA
On shelf availability
97
OTIF
On time in full
98
PCC
Primary consolidation centre
99
PDM
Physical distribution management
100
QA
Quality assurance
101
QC
Quality control
102
QCD
Quality cost and delivery
103
QR
Quick response
104
RCE
Roll cage equivalent
105
RDT
Radio data terminal
106
RFID
Radio frequency identification
107
RFT
Radio frequency tag
108
RM
Relationship management
109
RRP
Retail ready packaging / recommended retail price
110
SCM
Supply chain management
111
SCR
Supply chain relationships
112
SLA
Service level agreement
113
TEU
Twenty foot equivalent units
114
TQM
Total quality management
115
WMS
Warehouse management system
116
VMR
Value managed relationship
