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
OMG – How do you calculate cost to serve as a beginning supply chain major?
I don’t get it!
Please help
Thanks
George Duychak
Cost to serve is cost of warehouse storage and handling fees plus distribution (trucks rental, fuel and drivers/laborers)
Well. I guess that’s one definition. But you can take a broader view.
What does SAP , JPC, LCA , NÇMM & GR103 on SAP mean?
These are just software names.
I would like to ask: OFWK, what does it stand for?
Never heard of it sorry.
Some abbreviations are localized and each organization has its abbreviation.
Although is is not common but we use OFWK as “Organizational Framework for Workforce Keeping” in HR department
Thanks Rob O’Byrne for all the educative activities.
Hello everyone. I would like to participate with few terms:
**Planning & Inventory:
ROL= Re-Order Level
ROQ= Re-Order Quantity
EOQ= Economic Order Quantity
JIT= Just In Time
** Warehouse:
FIFO= First In First Out
FEFO= First Expires First Out
DC= Distribution Center
WMS= Warehouse Management System
Thank You!
SOP- Systematic Operation Planning.
Thanks for sharing
SOP Also known as: Standard Operating Procedures
In SCM Procurement, what does CAR stand for?
Depending on the context, it typically means:
Capital Adequacy Requirement or
Capacity Analysis Report
Can also mean Corrective Action Request if it relates to procurement for manufacturing
Again depending on context, it could mean
Compound Annual Return
RMA – Return Merchandise Authorization
5 S – Sort, Set in Order, Shine, Standardize, Sustain
SDS – Safety Data Sheet
LTL – Less Than Truckload
SP – Small Parcel
WIP – Work in Progress
GUI – Graphical User Interface
Yes. Good ones Steven.
What does LMDC stand for?
Sorry I haven’t heard of that one.
NSL full form
IDK and IWK meaning
What do these mean? Please specify.