question

Council of SCM professionals

answer

leading global association for supply chain management professionals.

question

Available to Promise

answer

It generates available quantities of the requested product, and delivery due dates.

question

Institute of Supply Management

answer

first supply management institute in the world.

question

Material Requirements Planning

answer

A system for effectively managing material requirements in a manufacturing process.

question

Manufacturing Resource Planning

answer

method for the effective planning of all resources of a manufacturing company.

question

Just In Time

answer

production strategy that strives to improve a business' return on investment by reducing in-process inventory and associated carrying costs.

question

Efficient Consumer Response

answer

strategy to increase the level of services to consumers through close cooperation among retailers, wholesalers, and manufacturers.

question

Trailer on Flatcar

answer

piggyback.

question

Economic order quantity

answer

order quantity that minimizes total inventory holding costs and ordering costs.

question

less than truckload

answer

transportation of relatively small freight.

question

collaborative planning forecast replenishment

answer

collaborative process whereby supply chain trading partners can jointly plan key supply chain acidities from production and delivery of raw materials to production and delivery of final products to end customers.

question

quick response

answer

trademark for a type of matrix barcode (or two-dimensional barcode) first designed for the automotive industry in Japan.

question

roll on roll off

answer

ships are vessels designed to carry wheeled cargo, such as automobiles, trucks, semi-trailer trucks, trailers, and railroad cars, that are driven on and off the ship on their own wheels

question

Container on Flat car

answer

Containers can be loaded onto ships, trucks or trains to provide the most efficient transportation combination for the customer.

question

Non vessel operating common carrier

answer

A shipment consolidator or freight forwarder who does not own any vessel, but functions as a carrier by issuing its own bills of lading or air waybills and assuming responsibility for the shipments.

question

hundredweight

answer

cwt

question

twenty foot equivalent unit

answer

based on the volume of a 20-foot-long (6.1 m) intermodal container, a standard-sized metal box which can be easily transferred between different modes of transportation, such as ships, trains and trucks.

question

Point of Sale

answer

where a retail transaction is completed,

question

Capacity Requirements Planning

answer

process of determining in detail the amount of labour and machine resources needed to achieve the required production.

question

stock keeping unit

answer

a unique identifier for each distinct product and service that can be purchased in business.

question

distribution resource planning

answer

method used by supply chain entities to plan orders in the whole supply chain taking into account the inventories to be kept along with buffer or safety stock, placing the orders with the manufacturer to replenish inventories to meet customer orders, etc.

question

Electronic Data Interchange

answer

electronic communication system that provides standards for exchanging data via any electronic means.

question

Value Stream Mapping

answer

lean-management method for analyzing the current state and designing a future state for the series of events that take a product or service from its beginning through to the customer.

question

Vendor Management Inventory

answer

buyer of a product provides certain information to a vendor supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's consumption location.

question

American Society of Transportation and Logistics

answer

strives to promote and ensure the highest level of global standards through professional certification in the field of transportation and logistics.

question

Automated Storage and Retrieval System

answer

consists of a variety of computer-controlled systems for automatically placing and retrieving loads from defined storage locations.

question

American National Standards Institute

answer

Oversees the creation and use of thousands of norms and guidelines that directly impact businesses in nearly every sector

question

Free on Board

answer

buyer pays for transportation of the goods

question

Less than container load

answer

load of goods which needs to be transported.

question

Association for Operations Management

answer

leading professional association for supply chain and operations management and the premier provider of research, education and certification programs that elevate end-to-end supply chain excellence, innovation and resilience.

question

Automated guided vehicle

answer

mobile robot that follows markers or wires in the floor, or uses vision, magnets, or lasers for navigation

question

occupational safety & health administration

answer

main federal agency charged with the enforcement of safety and health legislation

question

First in First out

answer

method for organizing and manipulating a data buffer, or data stack, where the oldest entry, or 'bottom' of the stack, is processed first

question

Value analysis/value engineering

answer

structured method of exploring and innovating the detail of how value is created

question

truckload

answer

movement of large amounts of homogeneous cargo, generally the amount necessary to fill an entire semi-trailer or intermodal container

question

bill of lading

answer

legal document between the shipper of a particular good and the carrier detailing the type, quantity and destination of the good being carried

question

Purchase Order

answer

written sales contract between buyer and seller detailing the exact merchandise or services to be rendered from a single vendor.

question

Cost, Insurance, and Freight

answer

trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier.

question

Surface Transportation Board

answer

established in 1996 to assume some of the regulatory functions that had been administered by the Interstate Commerce Commission when the ICC was abolished

question

free trade zone

answer

area within which goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities.

question

Master Production Schedule

answer

plan for individual commodities to produce in each time period such as production, staffing, inventory, etc.

question

Distribution Center

answer

Facility that is usually smaller than a firm's main warehouse and is used for receipt, temporary storage, and redistribution of goods according to the customer orders as they are received,

question

Certified in Production and Inventory Management

answer

provides you with the ability to understand and evaluate production and inventory activities within a company's global operations.

question

International Organization for Standardization

answer

develops International Standards covering almost all aspects of technology and business.

question

Total Quality Management

answer

Organization-wide efforts to install and make permanent a climate in which an organization continuously improves its ability to deliver high-quality products and services to customers

question

Supply Chain Planning

answer

predicting future requirements to balance supply and demand.

question

Total Productive Maintenance

answer

increase the productivity of plant and equipment with a modest investment in maintenance

question

Continuous Replenishment

answer

method typically used between retailers and distributors or manufacturers that uses point-of-sale inventory and sales data to trigger automatic replenishments, with the vendor assuming responsibility for initiation and fulfillment.

question

fourth party logistics

answer

Arrangement in which a firm contracts out its logistical operations to two or more specialist firms (3PL) and hires another specialist firm (4PL) to coordinate the activities of the third parties.

question

Department of Transportation

answer

Serve the United States by ensuring a fast, safe, efficient, accessible and convenient transportation system that meets our vital national interests and enhances the quality of life of the American people, today and into the future.

question

Certified Supply Chain Professional

answer

helps you demonstrate your knowledge and organizational skills for developing more streamlined operations.

question

Advanced Planning and Scheduling

answer

manufacturing management process by which raw materials and production capacity are optimally allocated to meet demand.

question

Capable to Promise

answer

used to designate when requested product can be promised for future delivery. requires a much broader analysis, as it determines whether there is future specific capacity or capability, given current and projected supply chain demands

question

Advanced Ship Notice

answer

notification of pending deliveries, similar to a packing list.

question

Radio Frequency

answer

form of wireless communication that allows users to relay information via electromagnetic energy waves from a terminal, or a hand held device to a base station, which is linked in turn to a host computer

question

Customer Relationship Management

answer

system for managing a company's interactions with current and future customers

question

Software as a Service

answer

Software delivery method that provides access to software and its functions remotely as a Web-based service.

question

Product Lifecycle Management

answer

process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products.

question

Supply Chain Event Management

answer

type of business software for managing events that occur within and between organizations or supply chain partners

question

Supplier Relationship Management

answer

discipline of strategically planning for, and managing, all interactions with third party organizations that supply goods and/or services to an organization in order to maximize the value of those interactions.

question

Mean Absolute Percentage Error

answer

measure of accuracy of a method for constructing fitted time series values in statistics, specifically in trend estimation

question

Decision Support System

answer

computer-based information system that supports business or organizational decision-making activities

question

Certified Professional in Supply Management

answer

certifies that you have key knowledge and skills in areas such as finance, supplier relationship management, organization global strategy and risk compliance and that you are a leader in the supply chain management profession.

question

Export Control Classification Number

answer

identifies the level of export control for that item

question

Program Evaluation and Review Technique

answer

statistical tool that is designed to analyze and represent the tasks involved in completing a given project.

question

Design for Logistics

answer

series of concepts involving product and design approaches that help to control logistics costs and increase customer service levels

question

Line Item Fill Rate

answer

percentage of line item (Apples) received vs the line item (Apples) ordered

question

Order Fill Rate

answer

percentage of the orders (Apples, Bread, Cherry and Donuts) shipped vs the orders for (Apples, Bread, Cherry and Donuts) requested

question

Competitive Bidding Event

answer

transparent' procurement method in which bids from competing contractors, suppliers, or vendors are invited by openly advertising the scope, specifications, and terms and conditions of the proposed contract as well as the criteria by which the bids will be evaluated

question

Electronic Product Code

answer

designed as a universal identifier that provides a unique identity for every physical object anywhere in the world, for all time

question

Base of Operations

answer

Base of Operations

question

Harmonized Tariff Schedule

answer

primary resource for determining tariff classifications for goods imported

question

Business to Business

answer

commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer

question

Business Process Reengineering

answer

business management strategy focusing on the analysis and design of workflows and business processes within an organization

question

Computer Integrated Manufacturing

answer

manufacturing approach of using computers to control the entire production process.

question

Manufacturing Execution System

answer

provide the right information at the right time and show the manufacturing decision maker "how the current conditions on the plant floor can be optimized to improve production output

question

Make to Stock

answer

forecasts demand to determine how much stock should be produced

question

Supply Chain Operations Reference

answer

process reference model, enables users to address, improve, and communicate supply chain management practices within and between all interested parties in the extended enterprise, management tool, spanning from the supplier's supplier to the customer's customer.

question

Ligher aboard ship system

answer

practice of loading barges (lighters) aboard a larger vessel for transport. Lighters are typically towed or pushed around harbors, canals or rivers and cannot be relocated under their own power.

question

Customs-Trade Partnership Against Terrorism

answer

voluntary supply chain security program focused on improving the security of private companies' supply chains with respect to terrorism

question

Maintenance, Repair, Operations

answer

All actions which have the objective of retaining or restoring an item in or to a state in which it can perform its required function.

question

Make to Order

answer

strategy only manufactures the end product once the customer places the order.

question

International Air Transport Association

answer

trade association for the world's airlines, supports airline activity and helps formulate industry policy and standards

question

Freight all Kind

answer

carrier's tariff classification for various kinds of goods that are pooled and shipped together at one freight rate.

question

Reorder Point

answer

level of inventory when an order should be made with suppliers to bring the inventory up by the Economic order quantity

question

Engineer to Order

answer

manufacturing process defined by demand driven practices in which the component is designed, engineered, and built to specifications only after the order has been recieved

question

National Motor Freight Classification

answer

standard that provides a comparison of commodities moving in interstate, intrastate and foreign commerce

question

Logistics Operations Center

answer

facility dedicated to logistical operations.

question

Proof of Delivery

answer

method to establish the fact that the recipient received the contents sent by the sender

question

Assemble to Order

answer

products ordered by customers are produced quickly and are customizable to a certain extent.

question

Shipper's Export Declaration

answer

Document required by the U.S. Department of Commerce for exports of certain controlled items, and/or shipments to certain countries, and/or shipments anywhere that exceed certain dollar amounts.

question

Sales and Operations Planning

answer

includes an updated forecast that leads to a sales plan, production plan, inventory plan, customer lead time (backlog) plan, new product development plan, strategic initiative plan and resulting financial plan.

question

ABC

answer

Cost accounting approach concerned with matching costs with activities (called cost drivers) that cause those costs.

question

ABC Inventory

answer

analysis of a range of items that have different levels of significance and should be handled or controlled differently. It is a form of Pareto analysis in which the items are grouped into three categories (A, B, and C) in order of their estimated importance. 'A' items are very important, 'B' items are important, 'C' items are marginally important.

question

Auto ID

answer

process of automatic data collection and identification that occurs in real-time. Bar code technology is considered to be a type of Auto ID.

question

Lean Ops

answer

business practices that use as little time, inventory, supplies and work as possible to create a dependable product or service. The less that is used, the less waste occurs, and the more money the business saves.

question

5S

answer

reduces the waste of resources and space while increasing operational efficiency. Sort, Set, Shine, Standardize, Sustain

question

Square Root Rule

answer

total safety stock can be approximated by multiplying the total inventory by the this of the number of future warehouse locations divided by the current number

question

Six Sigma

answer

effort to improve the quality of products or services produced by the business through the removal of defects and errors. defined as one in which 99.99966% of products created are expected to be statistically free from defects.

question

Pick Density in Warehousing

answer

number of picks achieved per unit of area on the pick face, and so require less travel per pick. By determining where to put it in the warehouse is crucial on time.

SCM Abbreviation Exam – Flashcards

Unlock all answers in this set

Haven't found what you were looking for?

Search for samples, answers to your questions and flashcards