Glossary

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F

Factory Gate Pricing.
An initative driven by retailers to drive out transportation costs and to improve the efficiency within the primary segment of the supply chain. The retailer generally takes over the management of the primary (inbound) transport and deducts the cost of this transport from the supplier's product price.  See also Primary Freight.

Family Group.
A group of related products for which demand can be aggregated in order to assess overall demand for the material or parts which make up the family group products.

Fill Rate.
An item-based measurement that shows the percentage of demands that were met at the time they were placed. Fill rate only measures what happens when demands occur.

Finished Goods.
Inventory to which the final increments of value have been added through manufacturing.

Finished Goods Stock.
Stock that is available for supply to an external consumer, including items that have been supplied but not invoiced to an external consumer.

First-in, First-out (FIFO)

1. Stock Valuation - The method of valuing stocks which assumes that the oldest stock is consumed first and thus issues are valued at the oldest price.
2. Stock Rotation - The method whereby the goods which have been longest in stock are delivered (sold) and/or consumed first.

First Pick Ratio.
During order picking, the percentage of orders or lines for which 100% completion was achieved from the primary location or picking face.

Acronyms | 1-10 | A | B | C | D | E | F | G | H | I | J
K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z