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
Email: [email protected]
Phone: +61 417 417 307
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.
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!