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Consignment Stock
Consignment Stock is an element of Stock Management used to optimize stock costs, where payment is made when the goods are used rather than
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Oct 18, 20233 min read
VMI - Vendor Managed Inventory
VMI – Vendor Managed Inventory is an inventory management model in which the supplier directly manages the customer's inventory.
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Oct 4, 20231 min read
Safety Stock
Safety Stock is a type of extra stock held in situations where regular uncertainty in the supply of goods is likely to lead to risks.
20
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Apr 14, 20232 min read
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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Apr 14, 20231 min read
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
120
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Apr 14, 20232 min read
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
380
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Apr 14, 20231 min read
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
150
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Apr 14, 20231 min read
KanBan Card
The Kanban Card, a transparent and efficient visual card system that does not need software and has become the backbone of inventory managem
100
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Apr 14, 20231 min read
SKU - Stock Keeping Unit
Inventory Code, the backbone of Inventory Management, is a unique material identification tool consisting of AlphaNumeric characters, create
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