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Supply Chain
| Term | Definition |
|---|---|
| Stock/Inventory | the goods or merchandise kept on the premises of a shop or warehouse and available for sale or distribution. |
| Supplier | A supplier, is a supply chain management term that means anyone who provides goods or services to a company or individuals. |
| Billing | Process of generating an invoice to recover sales price from the customer. Also called Invoicing. See also billings. |
| Logistics | 'management of inventory in motion and at rest.' |
| Distrabution | Commerce: The movement of goods and services from the source through a distribution channel, right up to the final customer, consumer, or user, and the movement of payment in the opposite direction, right up to the original producer or supplier. |
| Distribution Channel | The path through which goods and services travel from the vendor to the consumer or payments. |
| Sourcing | the process of finding suppliers of goods or services See also outsourcing |
| Manufacturer | Entity that makes a good through a process involving raw materials, components, or assemblies, usually on a large scale with different operations divided among different workers. Commonly used interchangeably with producer. |
| Demand | it is a consumers desire for a product or service. |
| Transportation | Any device used to move an item from one location to another. Common forms of transportation include planes, trains, automobiles, and other two-wheel devices such as bikes or motorcycles. |
| Distribution/Wholesalers | Person or firm that buys large quantity of goods from various producers or vendors, warehouses them, and resells to retailers. Wholesalers who carry only non-competing goods or lines are called distributors. |
| Warehousing | General: Performance of administrative and physical functions associated with storage of goods and materials. These functions include receipt, identification, inspection, verification, putting away, retrieval for issue, etc. |
| Negotiation | General: Bargaining (give and take) process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an agreement to settle a matter of mutual concern or resolve a conflict. |
| Break-Bulk | Consisting of several individual small and different sized items, loads, or units. |
| Raw Materials | Basic substance in its natural, modified, or semi-processed state, used as an input to a production process for subsequent modification or transformation into a finished good. |
| Freight | A charge paid for carriage or transportation of goods by air, land, or sea. |
| Vendor | A Person who sells something |
| Retailer | A business or person that sells goods to the consumer, as opposed to a wholesaler or supplier, who normally sell their goods to another business. |
| Barriers to Entry | Economic, procedural, regulatory, or technological factors that obstruct or restrict entry of new firms into an industry or market. |
| Costing | System of computing cost of production or of running a business, by allocating expenditure to various stages of production or to different operations of a firm. |
Created by:
kannu4life
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