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HML Analysis
H: High Price
M: Medium Price
L: Low Price
It is the price-oriented decision support analysis type of ABC Analysis.
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Apr 14, 20231 min read
Beer Game (Beer Distribution Game)
Beer Game was created in 1960 by MIT Sloan School of Management Lecturer Jay Wright Forester as a result of his System Dynamics research.
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Bullwhip Effect / Forrester Effect (Whiplash, Whipsaw)
It is the fluctuation caused by the coordination problems of the stakeholders within the Supply Chain. MIT Sloan School of Management Lectur
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GLN – Global Location Number
The GLN (Global Location Number), which is mostly used in E-Commerce and Pharmacies, indicates the legal entity of the related party.
While
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COICOP - Classification Of Individual Consumption By Purpose
This code system, published by the United Nations Statistics Unit, aims to classify consumer expenditures (in which income class consumers f
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KKS Code - Kraftwerk Kennzeichnen System / Identification Systems for Power Plants
It was created to list the equipment in Power Plants and Refineries under a single code set by a committee convened in Germany in 1970 (cons
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HS Code – Harmonized System Code
In 1988, the World Customs Organization (WCO), member countries (184) created this code list to be used in customs procedures for purposes o
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SIC Code - Standard Industrial Classification
It is a 4-digit system created by the USA in 1937 to keep track of economic activities in different industries.
The USA, Canada, and Mexic
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GPC - Global Positioning Code
GPC Code Set;
The Brussels/Belgium-based GS1 Community owns it.
It is a code set that has been growing continuously since 2007 and is struct
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UNSPSC - United Nations Standard Product and Service Code
It is a Classification Code, not an Identification Code.
It is a multisector standard
Consists of 2 digits x 4 scatter = 8 digit coding (+ O
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Cross Docking
To shorten the delivery time, products from suppliers X, Y, and Z are combined as XYZ on a buyer basis without taking them into stock. It is
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HeadHaul & BackHaul
HeadHaul is the process between the first loading point of the vehicle and the final unloading in Logistics operations.
BackHaul, on the ot
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ISO 3166 - Country Coding System
It is a code system developed for use in official elements such as the license plates of countries. In this way, countries and even cities/s
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TLC - Total Landed Cost
It is a calculation method that helps to make the right choice among the alternatives by calculating all the direct and indirect costs of a
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SCV - Supply Chain Visibility
It is the forward and backward sharing of information between stakeholders within the supply chain in an accurate and timely manner.
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ISO 6346 - Container Check Digit
In container numbering, it is a control number that results from a mathematical process that is used to check the correctness of the written
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EOQ - Economic Order Quantity
The Economic Order Quantity calculation, used to find the Order Trigger Point in Minimum Stock Management, helps find the optimum order quan
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ROP - ReOrder Point
ReOrder Point, an element of Minimum Stock tracking in Stock Management, is the order trigger point indicating at which stock level the mate
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