Sign-up for our newsletter.
Acronyms
Ever get confused by Acronyms? Everyday, more & more seem to be poping up.
Here are a few Supply Chain Acronyms:
ANOVA: Analysis of Variance
APICS: American Production and Inventory Control Society
ASP: Application Service Provider
B2B: Business to Business
B2C: Business to Consumer
BB: Black Belt
BBC: Black Belt Champion (or Council)
BBS: Business Balanced Scorecard
BEST: Business Excellence through Speed and Teamwork
BOM: Bill of Materials
C&E: Cause & Effect
CPIM: Certified in Production and Inventory Management
CRM: Customer Relationship Management
CTQ: Critical to Quality
CTR: Cycle Time Reduction
DPMO: Defects Per Million Opportunities
EDI: Electronic Data Interchange
EPR: Economic Profit Realized
FG: Finished Goods
FGI: Finished Goods Inventory
FIFO: First In First Out
IFO: Income From Operations
ISO: International Standards Organization
IT: Information Technnology
LIFO: Last In First Out
LSL: Lower Specification Limit
MBB: Master Black Belt
MBO: Management by Objective
NDC: National Distribution Center
NPV: Net Present Value
OEM: Original Equipment Manufacturer
PDCA: Plan Do Check Out
PPM: Parts Per Million
RDC: Regional Distribution Center
ROP: Re-Order Point
RPI: Raw Product Inventory (components)
SCOR: Supply Chain Operations Reference model
SD or STD: Standard Deviation
SMART: Specific/Measurable/Ambitious/Realizable/Time-Phased
SPC: Statistical Process Control
USL: Upper Specification Limit
VMI: Vendor Managed Inventory
WIP: Work In Process
| 