Gain Sharing:A collaborative process where two or more parties within a supply chain agree to share the benefits or gains resulting from improved efficiencies, cost reductions, or performance improvements. The objective ofgain sharingstrategies is to align the interests of supply chain stakeholders to ...
Glossary - Total Supply Chain ManagementELSEVIERTotal Supply Chain Management
Highly focused on terminology, acronyms, and codes to help the supply chain professional There are thousands of 'buzzwords' being used in the supply chain This glossary explains the keywords, acronyms and words utilized in the supply chain This glossary is for both experienced and new professionals...
An item attribute the planning process uses to decide whether to plan material requirements for the item in terms of discrete quantities or repetitive daily rates.repetitive planning period A period, defined as a number of days, that smooths the production rate over time. With repetitive planning ...
Changes in the value chain These factors tend to decouple the functions of manpower, insights, resources, finances and logistics. Most people interpret supply chain resistance only in the context of resisting the negative effects of a disruption. Supply chain resistance also refers to the ability ...
Learn more about common freight terms in our Glossary. Explore the Glossary Incoterms 2020 Learn more about Incoterms and how they have been updated for 2020. Read More Grow Your Supply Chain Knowledge Get weekly insights into all things freight and logistics, delivered right to your inbox. ...
In terms of planning, the challenge here is that there is little to no sales history to inform supply chain plans for newer models. Although in some cases the sales history of related products can be helpful, in other cases the products are too different in terms of capacity, durability and...
Our glossary helps break down some of the most common industry words that every shipper needs to know into clear, simple terms. Go to Glossary *The five freight forwarding stations are Singapore (SIN), Incheon (ICN), Narita (NRT), Osaka (KIX) and Shanghai (PVG)....
Glossary of terms Internet of things (IoT) The IoT consists of sensors that make goods “smart”. These can both send information and communicate with each other. The IoT is used in the supply chain for tracking and monitoring. Blockchain ...