Like any industry, in Supply Chain and Logistics we have a lot of Acronyms and Abbreviations.  Here is a starter list.  If you add some more in the comments section we’ll add to the list and see how big it grows!

3PL 3rd Party Logistics

4PL 4th Party Logistics

ABC Activity Based Costing

APS Advanced Planning Systems

CDC Composite Distribution Centre

CPG Consumer Packaged Goods

CTS Cost To Serve

DC Distribution Centre

FLT Fork Lift Truck

FMCG Fast Moving Consumer Goods

GTM Go To Market (strategy)

IBP Integrated Business Planning

LLP Lead Logistics Provider

LSP Lead Services Provider

MHE Materials Handling Equipment

NDC National Distribution Centre

RDC Regional Distribution Centre

RPC Returnable Plastic Crates

RTM Route To Market

S&OP Sales and Operations Planning

SCM Supply Chain Management

SFP  Shelf Friendly Packaging

TTS Time To Serve

WH Warehouse

 

Best Regards

Rob O’Byrne