Quality Management In Supply Chain
Expert-defined terms from the Professional Certificate in Business Calculations in Supply Chain Management course at HealthCareStudies (An LSPM brand). Free to read, free to share, paired with a professional course.
Acceptable Quality Level AQL refers to the maximum number of defective pr… #
5% may be set for the inspection of fabric defects, meaning that no more than 2.5% of the fabric can have defects to be considered acceptable.
Advanced Shipment Notice ASN is an electronic notification sent by the su… #
Advanced Shipment Notice ASN is an electronic notification sent by the supplier to the buyer before the shipment of goods, it provides detailed information about the shipment, including the products, quantities, and expected delivery date, related terms include electronic data interchange, shipment planning, and supply chain visibility, for instance, an ASN can help the buyer to plan and prepare for the receipt of goods, and to track the shipment in real-time.
Agile Supply Chain is a type of supply chain that is flexible and responsive to… #
Agile Supply Chain is a type of supply chain that is flexible and responsive to changes in demand, it is designed to be adaptable and to quickly respond to customer needs, related terms include flexibility, responsiveness, and lean manufacturing, for example, an agile supply chain can quickly adjust production levels and shipping schedules in response to changes in customer demand.
Air Freight is a mode of transportation that uses aircraft to move goods, it is… #
Air Freight is a mode of transportation that uses aircraft to move goods, it is a fast and reliable way to transport high-value or time-sensitive products, related terms include air cargo, freight forwarding, and logistics, for example, air freight can be used to transport perishable goods, such as flowers or pharmaceuticals, that require rapid delivery.
Asset Management refers to the process of managing and maintaining the assets of… #
Asset Management refers to the process of managing and maintaining the assets of a company, including equipment, vehicles, and property, it involves tracking, maintaining, and upgrading assets to ensure that they are in good working condition, related terms include maintenance, repair, and replacement, for instance, asset management can help to reduce downtime and increase the efficiency of operations.
Audit is a systematic examination of a company's processes and systems to ensure… #
Audit is a systematic examination of a company's processes and systems to ensure that they are compliant with regulations and standards, it involves evaluating the effectiveness of quality control measures and identifying areas for improvement, related terms include quality audit, compliance, and certification, for example, an audit can help to identify weaknesses in a company's quality control processes and to implement corrective actions.
Automated Storage and Retrieval System ASRS is a type of warehouse manage… #
Automated Storage and Retrieval System ASRS is a type of warehouse management system that uses automated equipment to store and retrieve products, it is designed to increase efficiency and reduce labor costs, related terms include warehouse management, inventory control, and material handling, for instance, an ASRS can be used to store and retrieve products in a warehouse, and to track inventory levels in real-time.
Barcoding is a method of identifying and tracking products using a unique code,… #
Barcoding is a method of identifying and tracking products using a unique code, it involves assigning a bar code to each product and scanning it to track its movement, related terms include inventory management, tracking, and tracing, for example, barcoding can be used to track the movement of products through the supply chain, and to identify and prevent counterfeiting.
Batch Production is a method of production that involves producing products in b… #
Batch Production is a method of production that involves producing products in batches, it is designed to increase efficiency and reduce costs, related terms include mass production, just-in-time production, and lean manufacturing, for instance, batch production can be used to produce large quantities of products, such as food or pharmaceuticals, that require consistent quality and packaging.
Benchmarking is the process of comparing a company's processes and performance w… #
Benchmarking is the process of comparing a company's processes and performance with those of other companies, it involves identifying best practices and implementing changes to improve performance, related terms include performance measurement, benchmarking studies, and process improvement, for example, benchmarking can be used to compare a company's supply chain performance with that of its competitors, and to identify areas for improvement.
Bill of Lading BOL is a document that outlines the terms and conditions o… #
Bill of Lading BOL is a document that outlines the terms and conditions of a shipment, including the products, quantities, and shipping instructions, it serves as a contract between the shipper and the carrier, related terms include shipping documents, freight forwarding, and logistics, for instance, a BOL can be used to specify the shipping instructions and to track the movement of goods.
Business Continuity Planning BCP is the process of developing a plan to e… #
Business Continuity Planning BCP is the process of developing a plan to ensure that a company can continue to operate in the event of a disruption, such as a natural disaster or supply chain disruption, it involves identifying risks and developing strategies to mitigate them, related terms include risk management, disaster recovery, and contingency planning, for example, a BCP can help a company to quickly respond to a supply chain disruption and to minimize the impact on its operations.
Capacity Planning is the process of determining the amount of production capacit… #
Capacity Planning is the process of determining the amount of production capacity that a company needs to meet customer demand, it involves analyzing historical data and forecasting future demand, related terms include production planning, capacity management, and supply chain optimization, for instance, capacity planning can help a company to determine the optimal level of production capacity and to allocate resources effectively.
Carrier is a company that provides transportation services, such as trucking, sh… #
Carrier is a company that provides transportation services, such as trucking, shipping, or air freight, it is responsible for moving goods from one location to another, related terms include transportation, logistics, and freight forwarding, for example, a carrier can be used to transport goods from a manufacturer to a distributor.
Certification is the process of verifying that a company or product meets certai… #
Certification is the process of verifying that a company or product meets certain standards or regulations, it involves auditing and testing to ensure compliance, related terms include quality certification, compliance, and accreditation, for instance, certification can be used to verify that a company's quality control processes meet international standards.
Cold Chain is a type of supply chain that is designed to transport perishable pr… #
Cold Chain is a type of supply chain that is designed to transport perishable products, such as food or pharmaceuticals, at a consistent refrigerated temperature, it involves using specialized equipment and packaging to maintain the required temperature, related terms include refrigerated transportation, temperature control, and perishable goods, for example, a cold chain can be used to transport vaccines or other temperature-sensitive products.
Collaborative Planning, Forecasting, and Replenishment CPFR is a type of… #
Collaborative Planning, Forecasting, and Replenishment CPFR is a type of supply chain management that involves collaboration between trading partners to improve forecasting and replenishment, it involves sharing data and coordinating planning to reduce inventory levels and improve efficiency, related terms include supply chain collaboration, forecasting, and replenishment, for instance, CPFR can be used to improve the accuracy of demand forecasts and to reduce inventory levels.
Component is a part or ingredient that is used to manufacture a product, it can… #
Component is a part or ingredient that is used to manufacture a product, it can be a raw material, a subassembly, or a finished good, related terms include bill of materials, material requirements planning, and inventory management, for example, a component can be a critical part of a product, such as a microchip or a gear.
Containerization is a method of shipping that involves using containers to trans… #
Containerization is a method of shipping that involves using containers to transport goods, it is designed to increase efficiency and reduce handling costs, related terms include intermodal transportation, container shipping, and logistics, for instance, containerization can be used to transport goods by sea, land, or air, and to simplify customs clearance.
Contract Manufacturing is a type of manufacturing that involves outsourcing prod… #
Contract Manufacturing is a type of manufacturing that involves outsourcing production to a third-party manufacturer, it is designed to reduce costs and increase efficiency, related terms include outsourcing, manufacturing, and supply chain management, for example, contract manufacturing can be used to produce electronics or other products that require specialized equipment and expertise.
Control Tower is a type of supply chain management system that provides real #
time visibility and control over supply chain operations, it involves using data analytics and other tools to monitor and manage supply chain performance, related terms include supply chain visibility, real-time monitoring, and performance management, for instance, a control tower can be used to track inventory levels, shipping status, and other supply chain metrics in real-time.
Core Competency is a company's unique skill or expertise that sets it apart from… #
Core Competency is a company's unique skill or expertise that sets it apart from its competitors, it is a key factor in a company's success and competitive advantage, related terms include competitive advantage, core capabilities, and strategy, for example, a company's core competency can be its ability to innovate, its customer service, or its supply chain management capabilities.
Corporate Social Responsibility CSR is a company's commitment to social a… #
Corporate Social Responsibility CSR is a company's commitment to social and environmental responsibility, it involves implementing practices and policies that promote sustainability and social responsibility, related terms include sustainability, social responsibility, and ethics, for instance, a company's CSR initiatives can include reducing energy consumption, implementing recycling programs, and promoting fair labor practices.
Cross #
Docking is a type of logistics operation that involves transferring goods from one vehicle to another, it is designed to reduce handling costs and increase efficiency, related terms include logistics, warehousing, and transportation, for example, cross-docking can be used to transfer goods from a truck to a train or from a ship to a truck.
Customer Relationship Management CRM is a type of software that is used t… #
Customer Relationship Management CRM is a type of software that is used to manage customer interactions and relationships, it involves tracking customer data, sales, and marketing activities, related terms include customer service, sales management, and marketing, for instance, a CRM system can be used to track customer orders, preferences, and complaints, and to provide personalized service.
Customs Broker is a company or individual that specializes in clearing customs a… #
Customs Broker is a company or individual that specializes in clearing customs and facilitating international trade, it involves preparing and submitting customs documentation, paying duties and taxes, and ensuring compliance with regulations, related terms include customs clearance, import export, and logistics, for example, a customs broker can help a company to navigate complex customs regulations and to ensure compliance with trade agreements.
Demand Forecasting is the process of predicting customer demand for a product or… #
Demand Forecasting is the process of predicting customer demand for a product or service, it involves analyzing historical data, market trends, and other factors to estimate future demand, related terms include forecasting, demand planning, and supply chain management, for instance, demand forecasting can be used to determine the optimal level of production and inventory, and to reduce the risk of stockouts or overstocking.
Distribution Center DC is a type of warehouse or facility that is used to… #
Distribution Center DC is a type of warehouse or facility that is used to store and distribute products, it is designed to increase efficiency and reduce transportation costs, related terms include logistics, warehousing, and transportation, for example, a distribution center can be used to store and distribute products to retailers or customers.
Drop Shipping is a type of logistics operation that involves shipping products d… #
Drop Shipping is a type of logistics operation that involves shipping products directly from the supplier to the customer, it is designed to reduce inventory costs and increase efficiency, related terms include logistics, e-commerce, and supply chain management, for instance, drop shipping can be used to sell products online without holding inventory.
Electronic Data Interchange EDI is a type of electronic communication tha… #
Electronic Data Interchange EDI is a type of electronic communication that is used to exchange business documents, such as orders and invoices, between companies, it is designed to increase efficiency and reduce errors, related terms include electronic commerce, electronic data exchange, and supply chain management, for example, EDI can be used to automate the ordering and invoicing process, and to reduce the need for paper documentation.
Enterprise Resource Planning ERP is a type of software that is used to ma… #
Enterprise Resource Planning ERP is a type of software that is used to manage and integrate business operations, including financials, human resources, and supply chain management, it is designed to increase efficiency and reduce costs, related terms include business management, enterprise software, and supply chain management, for instance, an ERP system can be used to manage inventory, track orders, and analyze financial performance.
Export is the process of shipping goods or services from one country to another,… #
Export is the process of shipping goods or services from one country to another, it involves complying with regulations, obtaining necessary permits, and paying duties and taxes, related terms include international trade, import export, and logistics, for example, a company can export products to another country by working with a freight forwarder or customs broker.
Freight Forwarder is a company that specializes in arranging the transportation… #
Freight Forwarder is a company that specializes in arranging the transportation of goods on behalf of a shipper, it involves booking cargo space, preparing shipping documents, and coordinating logistics, related terms include logistics, freight forwarding, and transportation, for instance, a freight forwarder can help a company to navigate complex transportation regulations and to ensure that goods are delivered on time.
Global Trade Management GTM is a type of software that is used to manage… #
Global Trade Management GTM is a type of software that is used to manage and automate international trade compliance, it involves tracking and managing trade regulations, duties, and taxes, related terms include international trade, trade compliance, and supply chain management, for example, a GTM system can be used to classify products, determine duties and taxes, and generate customs documentation.
Green Supply Chain is a type of supply chain that is designed to reduce environm… #
Green Supply Chain is a type of supply chain that is designed to reduce environmental impact, it involves implementing sustainable practices, such as reducing energy consumption, using renewable energy, and minimizing waste, related terms include sustainability, environmental responsibility, and supply chain management, for instance, a green supply chain can be used to reduce carbon emissions, conserve natural resources, and promote eco-friendly packaging.
Import is the process of bringing goods or services into a country, it involves… #
Import is the process of bringing goods or services into a country, it involves complying with regulations, obtaining necessary permits, and paying duties and taxes, related terms include international trade, import export, and logistics, for example, a company can import products from another country by working with a customs broker or freight forwarder.
Inbound Logistics refers to the process of managing and coordinating the receipt… #
Inbound Logistics refers to the process of managing and coordinating the receipt and storage of goods, it involves tracking inventory, managing warehouse operations, and ensuring compliance with regulations, related terms include logistics, warehousing, and supply chain management, for instance, inbound logistics can be used to manage the receipt of goods, inspect products, and store inventory.
Inventory Management is the process of managing and controlling inventory levels… #
Inventory Management is the process of managing and controlling inventory levels, it involves tracking inventory, managing warehouse operations, and optimizing inventory levels, related terms include supply chain management, inventory control, and logistics, for example, inventory management can be used to reduce inventory costs, minimize stockouts, and optimize production levels.
Just #
in-Time JIT is a type of production and inventory management system that involves producing and delivering products just in time to meet customer demand, it is designed to reduce inventory costs and increase efficiency, related terms include lean manufacturing, just-in-time production, and supply chain management, for instance, JIT can be used to produce products in small batches, reduce inventory levels, and improve quality.
Kaizen is a type of continuous improvement methodology that involves identifying… #
Kaizen is a type of continuous improvement methodology that involves identifying and implementing small improvements to processes and systems, it is designed to increase efficiency and reduce waste, related terms include continuous improvement, kaizen events, and lean manufacturing, for example, kaizen can be used to improve production processes, reduce defects, and increase employee engagement.
Key Performance Indicator KPI is a type of metric that is used to measure… #
Key Performance Indicator KPI is a type of metric that is used to measure and evaluate performance, it involves tracking and analyzing data to identify trends and opportunities for improvement, related terms include performance measurement, metrics, and supply chain management, for instance, KPIs can be used to measure supply chain performance, track inventory levels, and evaluate customer satisfaction.
Lean Manufacturing is a type of production system that involves eliminating wast… #
Lean Manufacturing is a type of production system that involves eliminating waste and maximizing efficiency, it is designed to reduce costs, improve quality, and increase customer satisfaction, related terms include lean production, lean manufacturing, and supply chain management, for example, lean manufacturing can be used to reduce inventory levels, minimize waste, and improve production processes.
Logistics refers to the process of managing and coordinating the flow of goods,… #
Logistics refers to the process of managing and coordinating the flow of goods, services, and information from raw materials to end customers, it involves tracking inventory, managing warehouse operations, and ensuring compliance with regulations, related terms include supply chain management, logistics, and transportation, for instance, logistics can be used to manage the movement of goods, track inventory, and optimize transportation routes.
Manufacturing Execution System MES is a type of software that is used to… #
Manufacturing Execution System MES is a type of software that is used to manage and track production operations, it involves monitoring production processes, tracking inventory, and analyzing performance data, related terms include production planning, manufacturing execution, and supply chain management, for example, an MES system can be used to track production schedules, monitor inventory levels, and analyze quality control data.
Material Requirements Planning MRP is a type of software that is used to… #
Material Requirements Planning MRP is a type of software that is used to manage and track material requirements, it involves analyzing production schedules, tracking inventory, and optimizing material procurement, related terms include production planning, material requirements planning, and supply chain management, for instance, an MRP system can be used to track material requirements, optimize inventory levels, and reduce waste.
Network Optimization is the process of analyzing and optimizing the design and o… #
Network Optimization is the process of analyzing and optimizing the design and operation of a supply chain network, it involves using data analytics and other tools to identify opportunities for improvement, related terms include supply chain optimization, network design, and logistics, for example, network optimization can be used to reduce transportation costs, minimize inventory levels, and improve supply chain efficiency.
Offshoring is the process of outsourcing production or services to a foreign cou… #
Offshoring is the process of outsourcing production or services to a foreign country, it involves working with a third-party provider to produce goods or provide services, related terms include outsourcing, offshoring, and supply chain management, for instance, offshoring can be used to reduce labor costs, increase efficiency, and improve quality.
Operations Research OR is a type of methodology that involves using advan… #
Operations Research OR is a type of methodology that involves using advanced analytics and mathematical modeling to optimize business processes and systems, it is designed to improve efficiency, reduce costs, and increase profitability, related terms include analytics, optimization, and supply chain management, for example, operations research can be used to optimize production schedules, manage inventory levels, and improve supply chain efficiency.
Order Fulfillment is the process of managing and coordinating the receipt, proce… #
Order Fulfillment is the process of managing and coordinating the receipt, processing, and shipment of customer orders, it involves tracking inventory, managing warehouse operations, and ensuring compliance with regulations, related terms include logistics, order fulfillment, and supply chain management, for instance, order fulfillment can be used to manage the receipt of orders, pick and pack products, and ship orders to customers.
Outsourcing is the process of contracting with a third #
party provider to perform a specific function or service, it involves working with a provider to produce goods or provide services, related terms include contracting, outsourcing, and supply chain management, for example, outsourcing can be used to reduce labor costs, increase efficiency, and improve quality.
Packaging is the process of designing and producing packaging materials, such as… #
Packaging is the process of designing and producing packaging materials, such as boxes, labels, and containers, it involves ensuring that products are properly packaged and protected during transportation, related terms include packaging design, packaging materials, and logistics, for instance, packaging can be used to protect products during transportation, promote brand awareness, and comply with regulations.
Partner Relationship Management PRM is a type of software that is used to… #
Partner Relationship Management PRM is a type of software that is used to manage and track partner relationships, it involves monitoring partner performance, tracking sales and marketing activities, and analyzing partner data, related terms include partner management, partner relationship management, and supply chain management, for example, a PRM system can be used to track partner sales, monitor partner performance, and optimize partner relationships.
Procurement is the process of acquiring goods or services from external sources,… #
Procurement is the process of acquiring goods or services from external sources, it involves sourcing, purchasing, and managing suppliers, related terms include sourcing, procurement, and supply chain management, for instance, procurement can be used to source raw materials, purchase finished goods, and manage supplier relationships.
Product Lifecycle Management PLM is a type of software that is used to ma… #
Product Lifecycle Management PLM is a type of software that is used to manage and track the lifecycle of a product, it involves monitoring product development, tracking production, and analyzing product data, related terms include product development, product lifecycle management, and supply chain management, for example, a PLM system can be used to track product development, monitor production schedules, and analyze product quality.
Quality Control QC is the process of monitoring and controlling the quali… #
Quality Control QC is the process of monitoring and controlling the quality of products or services, it involves inspecting products, testing materials, and analyzing data to ensure compliance with standards and regulations, related terms include quality assurance, quality control, and supply chain management, for instance, quality control can be used to inspect products, test materials, and analyze data to ensure compliance with quality standards.
Radio Frequency Identification RFID is a type of technology that is used… #
Radio Frequency Identification RFID is a type of technology that is used to track and identify products, it involves using radio frequency tags to track inventory, monitor production, and analyze supply chain data, related terms include inventory management, RFID technology, and supply chain management, for example, RFID can be used to track inventory levels, monitor production schedules, and analyze supply chain efficiency.
Returns Management is the process of managing and coordinating the return of pro… #
Returns Management is the process of managing and coordinating the return of products, it involves tracking returns, inspecting products, and processing refunds or exchanges, related terms include reverse logistics, returns management, and supply chain management, for instance, returns management can be used to track returns, inspect products, and process refunds or exchanges.
Risk Management is the process of identifying, assessing, and mitigating risks,… #
Risk Management is the process of identifying, assessing, and mitigating risks, it involves analyzing data, developing strategies, and implementing controls to minimize risks, related terms include risk assessment, risk management, and supply chain management, for example, risk management can be used to identify and mitigate risks, develop contingency plans, and implement controls to minimize risks.
Scheduling is the process of planning and coordinating production or transportat… #
Scheduling is the process of planning and coordinating production or transportation schedules, it involves analyzing data, developing schedules, and optimizing resources, related terms include production scheduling, scheduling, and supply chain management, for instance, scheduling can be used to plan production schedules, coordinate transportation, and optimize resource allocation.
Six Sigma is a type of methodology that involves using data #
driven approaches to improve quality and reduce defects, it is designed to increase efficiency, reduce waste, and improve customer satisfaction, related terms include quality improvement, six sigma, and supply chain management, for example, six sigma can be used to improve production processes, reduce defects, and increase customer satisfaction.
Supplier Relationship Management SRM is a type of software that is used t… #
Supplier Relationship Management SRM is a type of software that is used to manage and track supplier relationships, it involves monitoring supplier performance, tracking sales and marketing activities, and analyzing supplier data, related terms include supplier management, supplier relationship management, and supply chain management, for example, an SRM system can be used to track supplier sales, monitor supplier performance, and optimize supplier relationships.
Supply Chain Analytics is the process of analyzing and interpreting data to impr… #
Supply Chain Analytics is the process of analyzing and interpreting data to improve supply chain performance, it involves using data analytics and other tools to identify trends, optimize processes, and predict future demand, related terms include data analytics, supply chain analytics, and supply chain management, for instance, supply chain analytics can be used to analyze inventory levels, optimize production schedules, and predict future demand.
Supply Chain Management SCM is the process of managing and coordinating t… #
Supply Chain Management SCM is the process of managing and coordinating the flow of goods, services, and information from raw materials to end customers, it involves tracking inventory, managing warehouse operations, and ensuring compliance with regulations, related terms include logistics, supply chain management, and transportation, for example, supply chain management can be used to manage the movement of goods, track inventory, and optimize transportation routes.
Supply Chain Optimization is the process of analyzing and optimizing the design… #
Supply Chain Optimization is the process of analyzing and optimizing the design and operation of a supply chain, it involves using data analytics and other tools to identify opportunities for improvement, related terms include supply chain optimization, network design, and logistics, for instance, supply chain optimization can be used to reduce transportation costs, minimize inventory levels, and improve supply chain efficiency.
Supply Chain Visibility is the ability to track and monitor the movement of good… #
Supply Chain Visibility is the ability to track and monitor the movement of goods, services, and information throughout the supply chain, it involves using data analytics and other tools to provide real-time visibility, related terms include supply chain visibility, track and trace, and supply chain management, for example, supply chain visibility can be used to track inventory levels, monitor production schedules, and analyze supply chain efficiency.
Third #
Party Logistics 3PL is a type of logistics service that involves outsourcing logistics operations to a third-party provider, it is designed to increase efficiency, reduce costs, and improve customer satisfaction, related terms include logistics, third-party logistics, and supply chain management, for instance, a 3PL provider can be used to manage warehouse operations, track inventory, and optimize transportation routes.
Total Quality Management TQM is a type of methodology that involves focus… #
Total Quality Management TQM is a type of methodology that involves focusing on continuous improvement and customer satisfaction, it is designed to increase efficiency, reduce waste, and improve quality, related terms include quality improvement, total quality management, and supply chain management, for example, TQM can be used to improve production processes, reduce defects, and increase customer satisfaction.
Transportation Management System TMS is a type of software that is used t… #
Transportation Management System TMS is a type of software that is used to manage and track transportation operations, it involves monitoring transportation schedules, tracking inventory, and analyzing transportation data, related terms include transportation management, transportation management system, and supply chain management, for instance, a TMS system can be used to track transportation schedules, monitor inventory levels, and optimize transportation routes.
Vendor #
Managed Inventory VMI is a type of inventory management system that involves outsourcing inventory management to a third-party provider, it is designed to increase efficiency, reduce costs, and improve customer satisfaction, related terms include inventory management, vendor-managed inventory, and supply chain management, for example, a VMI system can be used to track inventory levels, monitor production schedules, and optimize inventory replenishment.
Warehouse Management System WMS is a type of software that is used to man… #
Warehouse Management System WMS is a type of software that is used to manage and track warehouse operations, it involves monitoring inventory, tracking orders, and analyzing warehouse data, related terms include warehouse management, warehouse management system, and supply chain management, for instance, a WMS system can be used to track inventory levels, monitor order fulfillment, and optimize warehouse operations.
Worldwide Supply Chain is a type of supply chain that involves managing and coor… #
Worldwide Supply Chain is a type of supply chain that involves managing and coordinating the flow of goods, services, and information across multiple countries and regions, it involves tracking inventory, managing warehouse operations, and ensuring compliance with regulations, related terms include global supply chain, worldwide supply chain, and supply chain management, for example, a worldwide supply chain can be used to manage the movement of goods, track inventory, and optimize transportation routes.