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Acronyms

Ever get confused by Acronyms? Every day, more & more seem to be popping 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
  • CPFR: Collaborative Planning, Forecasting & Replenishment
  • CPIM: Certified in Production and Inventory Management
  • CRP: Continuous Replenishment Planning (or Program)
  • 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)
  • SaaS: Software as a Service
  • 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