Supply Chain, Inventory and Procurement Terminologies

TermiKnowledge

Successfully passed candidates will achieve the CIOP credential

A

ABC Analysis
ABC Classification
ABC Inventory
Absorption Costing
Absorptive Capacity
Accelerated Depreciation
Acceptable Quality Level
Acceptance 
Acceptance Criteria
Acceptance Sampling
Accessibility
Accounts Payable
Accounts Receivable
Accreditation
Accruals
Acid Test Ratio
Acquisition Cost
Action Bucket
Active External Integration
Active Internal Integration
Activities
Activity
Activity System
Activity-Based Costing (ABC Costing)
Activity-Based Management
Actual Demand
Actual Finish Date
Actual Start Date
Ad Hoc Purchase
Adaptive Change
Added Value
Addressability of Spend
Adjudication
Advance Payment
Advance Ship Notice (ASN)
Advanced Planning and Scheduling (APS) System
Advisory, Conciliation and Arbitration Service (ACAS)
Ad Valorem
Adversarial
Aesthetics
Affinity Diagram
Affirm
Affirmation
Agent
Aggregate Demand
Aggregate Forecast
Aggregate Inventory
Aggregate Production Plan
Agile
Agreement
AI
Aisles
A Items
Algorithm
Alienation
Allocate
Allocated Overhead
Alternative Dispute Resolution (ADR)
Amortization
Anchoring
Andon
Annual Budget
Annulled
Anomalous Purchase
ANOVA
An Individual with Capacity
Anticipation Inventory
Anticipatory Breach
Anti-Corruption
Appraisal Costs
Approved Supplier List
Arbitration
Arm’s-Length Relationship
Artificial Intelligence
Assemble To Order (ATO)
Assembly
Assembly Line
Assertiveness
Assets
Assignable Variation
Attribute Data
Attrition
Auctions
Audit
Audit Trail
Auto-Renewal Clauses
Automated Machines
Automated Guided Vehicle System (AGVS)
Automatic Identification and Data Capture (AIDC)
Autopoiesis
Available Facilities
Available Inventory
Available Time
Available-To-Promise (ATP)
Average Cost
Average Demand
Average Inventory
Average or Mean

B

B2B Connectivity
Backflush
Backflush Costing
Backflushing
Background Intellectual Property
Backhauling
Backlog
Backorder
Back Room
Back Scheduling
Backward Integration
Backward Scheduling
Bad-Debt Loan Ratio
Balanced Scorecard
Balance Sheet
Balancing the Line
Balloon Payment
Barcode
Bargaining Mix
Barge
Barrier to Entry
Barter
Batch
Batch Quantity
Battle of the Forms
Base Price
Base Year
Basic Seven Tools of Quality
Behaviour
Behavioural Negotiation
Bench Strength
Beneficiary
Benefit
Bespoke
Best Alternative to a Negotiated Agreement (BATNA)
Beginning Inventory 
Benchmarking
Best Practices
Best Value
Best-In-Class
Bias
Bid
Bid Rigging
Bidder (or tenderer)
Big Data
Big I
Bill of Lading (house) (B/L)
Bill of Material
Bill of Resources
Binding Origin Information (BOI)
Biodegradable
Biodiversity
Biomass
Black Swan Event
Blanket Order
Blanket Purchase Order
Blockchain
Blog
Blue Ocean
Blue-Washing
Board Meeting
Boilerplate Clause
Bonded Warehouse
Book Inventory
Book Value 
Booming 
Bottleneck
Bottom Line
Bottom-up Replanning
Bounce Back
Box-Jenkins Model
Box Score
Boycott
BPM
BPR
Brainstorming
Brand 
Brand Equity
Brand Loyalty
Breach
Breach of Contract
Break-Bulk Warehousing
Breakdown Maintenance
Break Even
Break-Even Analysis
Break-Even Point
Breakpoint
Breakers
Bribery
BRICS Countries
British Standards Institution (BSI Group)
Bucketless System
Budget
Buffer Inventory
Buffer Stock
Built-to-Order (BTO) Supply Chain
Bullwhip Effect
Bureaucracy
Business Case
Business Continuity Plan
Business Continuity Planning (BCP)
Business-Critical
Business Cycle
Business Environment
Business Intelligence
Business Model
Business Needs
Business Needs Analysis
Business Plan or Strategic Business plan
Business Process
Business Process Outsourcing
Business Strategy
Business-to-Business (B2B)
Business-to-Business Commerce
Business-to-Consumer Sales
Business-to-Customer (B2C)
Buy In
Buyer
Buyer’s View
Buying
By-Product

C

CAD
Calculated Capacity
Call for Competition
Call-off Contract
Call-off Schedule
Capable-To-Promise(CTP)
Capacity
Capacity Available
Capacity-Associated Costs
Capacity-Constraints
Capacity-Constrained Resource (CCR)
Capacity Control
Capacity Cushion
Capacity Management
Capacity Planning
Capacity Required
Capacity Requirements Plan
Capacity Requirements Planning (CRP)
Capacity Simulation
Capacity Strategy
Capacity Utilization
CAPEX
Capital
Capital Asset
Capital Budgeting
Capital Expenditure
Capital Intensive
Capital Purchase
Carbon Disclosure Project (CDP)
Carbon Footprint
Cargo
Cargo Container Capacity
Carrier
Carrying Cost
Cartel
Cash Conversion Cycle
Cash Cow
Cash Flow
Cash Flow Management
Cash Flow Statement
Cashable Savings
Cash-to-Cash Cycle Time
Catalogue
Categorisation
Category
Category Aware
Category Management
Causal (Extrinsic)
Causal Forecast
Causal Link
Cause-and-Effect Diagram
Cellular Manufacturing
Centres of Excellence
Center-of-Gravity Approach
Central Storage
Centralized
Centralized Procurement
Centralized System
Certificate of Inspection 
Certificate of Insurance
Certificate of Origin
Change Agency Unit
Change Management 
Channel
Channel Master
Channel Partners
Channels of Distribution
Chase Strategy
Checklist
Check Digits
Checkpoint Reports
Check Sheet
Chief Procurement Officer (CPO)
Child Labour
Chlorofluorocarbons
CIOP
Circular Economy
C Items
Civic Obligations
Claim Identification
Claim Quantification
Claims Adjuster
Claims Made Polices
Clearinghouse
Client Experience Strategy (CX)
Closed Change
Closed System
Closed-Bool Costing
Closed-Loop Supply Chain (Reverse Supply Chain)
Closing Stock
Cloud
Cloud Computing
Code of Conduct
Coercion
Cognitive Dissonance
Cohesiveness
Collaborative
Collaborative Approach
Co-Creation
Co-Operative
Collaborative Planning, Forecasting, and Replenishment (CPFR)
Collaborative Product Development (CPD)
Collective Bargaining
Collective Consultation
Collective Efficacy
Collusion
Commercial
Commercial-off-the-Shelf(COTS)
Commissioning
Commitment
Commodity
Commodity Market
Commodity Pricing
Common Carrier
Common Causes
Common Procurement Vocabulary (CPV) Codes
Communication Management Strategy
Community Benefit Clause
Company Documentation
Competencies
Competition
Competitive 
Competitive Advantage
Competitive Approach
Competitive Benchmarking
Competitive Pricing
Complementarity
Component
Component Availability
Compound Interest
Component Items
Compound Yield
Concurrent Design
Concurrent Engineering
Conditional Acceptances
Condition-Based Maintenance (CBM)
Confederation of British Industry (CBI)
Conflict
Conflict Minerals
Conflict of Interest
Conformance
Conformance Specification
Confidentiality Agreements
Configuration Management
Configure-to-Order
Conglomerate
Connected Stakeholder
Consequential Loss
Consideration
Consignee
Consignment
Consignment Note 
Consignment Stock
Consignment Stocking
Consignment Inventory
Consignor
Consolidated Deliveries
Consolidation
Consolidation Warehouses
Consolidator
Consortia Trade Exchanges (CTX)
Consortium
Constant Work-In-Process (CONWIP)
Constraint
Construct Validity
Consumables
Consumer 
Consumer Contracts
Consumer Order Decoupling Point (CODP)
Consumer’s Risk
Contained Change
Container
Container Design
Containerization
Contingency Plan
Continuing Professional Development (CPD)
Continuous Manufacturing
Continuous Improvement
Continuous Replenishment  
Contract
Contract Buying
Contract Clause
Contract Compliance
Contract Carrier
Contract Change
Contract Frustration
Contract Labor
Contract Management
Contract Manufacturing
Contract Formation
Contract Period/Contract Term
Contract Price Adjustment
Contract Regulations 
Contract Terms
Contract Variation
Contractual Flow Downs
Contribution Margin 
Contribution Margin Pricing
Control Chart
Control Limits
Control Measure
Control System
Conveyors
Co-Operativeness
Co-Ordination Evolution
Copyright
Co-Production
Core Activities
Core Competencies
Corporate Governance
Corporate Positioning
Corporate Risks
Corporate Social Responsibility (CSR)
Corporate Strategy
Corrective Action Plan (CAP)
Correct Condition
Correct Place
Correlation
Corruption
Cost
Cost, Insurance, Freight (CIF)
Cost Advantage
Cost to Serve
Cost Benefit
Cost-Based Metrics
Cost-Benefit Analysis
Cost-Benefit Ratio
Cost Center
Cost Driver
Cost Leadership
Cost Modelling
Cost of Capital
Cost of Goods Sold(COGS)
Cost of Lost Sales
Cost of Production
Cost of Poor Quality
Cost of Sales
Cost-Plus Arrangements
Cost-Plus Contract
Cost-Plus-Fixed-Fee Contract
Cost-Plus-Incentive-Fee Contract
Cost Trade-Off
Cost-Type Contract
Cottage Industry
Counter-Offer
Cpk Index
Cranes and Hoists
Creative Evolution
Credit Check
Credit Limit
Credit Note
Credit Rating
Credit Watch List
Creditor
Critical Chain
Critical Chain Method
Critical Chain Methodology
Critical Factor
Critical-Dialectical Discourse
Critical Path
Critical Path Method (CPM)
Critical Ratio
Critical Service Level
Critical Success Factor (CSF)
Critical-To-Quality
CRM
Characteristics (CTQs)
Cross Docking
Cross Docking Warehouse
Cross Functional Organization
Cross-Functional Teamwork
Cross-Functional Teams
Cross-Organisational Teams
Cross Selling 
Crowdsourcing
Crypto Currency
Crystallised
Cube Utilization
Cultural Relativism
Culture
Cumulative Available-to-Promise
Cumulative Forecast Error (CFE)
Cumulative Manufacturing Time
Cumulative Variance
Currency
Currency Hedging
Current Assets 
Current Liabilities
Current Ration 
Customers
Customer Relationship Management
Customer Relationship Management (CRM) System
Customer Segmentation
Customer Service
Customer Service Levels
Customer Service Management 
Customs
Customs-Trade Partnership Against Terrorism 
Cyberattack
Cybercrime
Cybernetics
Cybersecurity
Cycle Counter
Cycle Counting
Cycle Stock
Cycle Time

 


D

Damages
Dashboard
Data
Data Cube
Data Mining
Data Normalization
Data Transfer
Data Warehouse
Data Reliability
Days of Supply
Days Sale Outstanding
DDP
Deadhead
Debt
Debt-Bondage
Debt-to-Equity Ratio
Deception
Decentralized System
Decommission
Decoupling
Decoupling Inventory
De-Expedite
Defects Liability Period
Defendant
Defra
Delphi Method
Delegation Evolution
Deliverable
Delivered in Full
Delivered on Time
Demand Flow Manufacturing
Demand Lead Time
Demand Management
Demand Risk
Demand Side
Demand Time Fence
Demand Variability
Deming Circle
Demographics
Demonstrated (measured)
Capacity
Dependent Demand
Dependent Demand Stock
Depreciation 
Depreciation Charge
Descent-Based Slavery
Deseasonalized Demand
Deterministic Approach
Deterioration
Devolve
Devolved Procurement
Dialogic
Differential Advantage
Differentiate
Differentiated Products
Digital Age
Direct Call Off
Direct Cost
Direct Labour Cost
Direct Loss
Direct Material Cost
Direct Supplies
Direction
Direction Evolution
Disaster Recovery
Disaster Recovery Plans (DRP)
Disaster Recovery Planning
Diversity
Discretionary Spending
Disclosure of Gifts
Dispatching
Dispersion
Disruptive Technologies
Distribution
Distribution Centre
Distribution Centres and Distribution Hubs
Distribution Channel
Distribution Inventory
Distribution Requirement Planning (DRP)
Distributive
Dissolved
Dividend
DMAIC (Design, Measure, Analyze, Improve, and Control)
Docks
Documentary Collection
Documentary Credits
Domestic
Domino
Downside Supply Chain Adaptability
Downstream
Downstream Environmental Factors
Down-Tooling
Double-Loop Learning
Drafting
Driver
Drum
Drum-Buffer Rope
Dual-Sourcing
Due Diligence
DuePont Formula
Duopoly
Durability
Durable
Duration
Dynamic
Dynamic Pricing
Dynamic Purchasing System (DPS)



E

EAN/UCC Standards
Earliest Due Date (EDD)
Earliest Job Due Date
Earliest Operation Due Date (ODD)
Early Adopters
Early Finish Date (EF)
Early Start Date (ES)
Early Supplier Involvement (ESI)
Earmarked Material
Earnings Before Interest and Taxes
Earnings Before Taxes
E-Auctions
E-Catalogues
Echelon
Ecological
Ecological Footprint
E-Commerce
Economic Growth 
Economic Indicators
Economic Operator 
Economic Order Quantity (EOQ)
Economic Value Added
Economies of Scale
Economy
Economy of Scale
Eco-Management and Audit Scheme (EMAS)
Economies of Scale
EDI (Electronic Data Interchange)
Electronic Data Interchange (EDI)
Effectiveness
Efficacy
Efficiency
Efficiency Frontier
E-Fulfilment
Electronic Data Interchange (EDI)
Embezzlement
Emerging Market
Emotional Intelligence
Emotional Quotient
Employment and Support Allowance (ESA)
Employment Tribunals (ET)
Employee Voice
Empower
Empowerment
End-Item
End-to-End Supply Chain
Enforceable by Law
Engineering Design
Engineering Drawings
Engineer-to-Order
Enterprise Resource Planning (ERP)
Entropy
Environment Management System (EMS)
Environmental Activism
Environmental Liability
Environmental Protection Agency (EPA)
Environmentally Responsible Purchasing
Epoxy Floor Paint
Equity
E-Requisitioning
Ergonomics
ERP
Escalate
Escalation Process
Escrow Agreement
E-Sourcing
E-System
E-Tendering
Ethical Ambiguity
Ethical Code of Conduct
Ethical Codes of Practice
Ethical Sourcing
Ethics
Evaluation Criteria
Event (or Issue)
Everyday Low Price (EDLP)
Evergreen Contracts
Evolutionary Change
Exception Condition
Exception Message
Exchange Rate
Exclusion Clause
Exclusions
Executing Contracts
Exit Strategy
Exogenous Disruption
Expansive Learning
Expectation Measures
Expedite 
Expediting
Expeditor
Expenses
Expert Determination
Expert Opinion
Express Terms
Exploding
Exponential Smoothing
Exponentially Weighted Average Method (EWAM)
Exposure
Expression of Interest
Extended Producer Responsibility (EPR)
External Benchmarking
External Customers
External Failure Costs
External Setup
External Stakeholders
External Supplier
Externalities
Extortion
Extranet
Extrinsic Forecasting Techniques
EXW
Ex-Works





I

100% Inspection
IDEF (Integrated Definition or Integrated Programme)
Idiographic
IMBoK
Immobile
Impact
Impartial
Imperfect Competition
Implicit Knowledge
Implementation and Control
Implied Terms
Import Duty
Incandescent
Inclusive Price
Income
Incorporated Company
Incoterms
Incidental Loss
Incremental
Incremental Change
Indemnity
Indented Bill
Independent Demand
Independent Demand Stock
Index
Indexation
Indices
Indirect Cost/Indirect Spend
Indirect Supplies
Inducement
Induction
Industrial Revolution
Industrial Tracks
Industry 4.0
Inefficiency Trap
Infinite Loading
Inflated
Inflation
Influence
Informal Economy
Informa Variations
Information
In-Group
In-House
Injunctions
Innocent Party
Innovation
Innovation Audit
Innovation Capability
Input/Output Control
Input/Output Report
Input Substitution
Insider Trading
Insolvency
Insolvent
Insource
Inspection
Insurance
Insurance Premium
Intangible 
Integrated Logistics
Integrated Report
Integrative
Integrity
Intellectual Capital
Intellectual Property
Intellectual Property Rights
Intention of the Breaching Party
Intention of the Innocent Party
Interchange Cost
Intercultural Communication
Interest Rate
Intermittent Manufacturing
Intermodal
Inter-Trading
Internal Customers
Internal Failure Costs
Internal Rate of Return
Internal Setup
Internal Stakeholders
Internal Supplier
International Chamber of Commerce
International Integrated Reporting Council (IIRC)
International Labour Organization (ILO)
International Procurement Organizations (IPOs) 
International Organization for Standardization
International Sourcing
Internet
Internet of Things
Interpersonal Skills
Inter-Organizational Trust
Interpersonal Trust
In the Public Domain
Intra-Company Trading
Intranet
In Transit
Intrinsic Forecasting Techniques
Inventory
Inventory Investment 
Inventory Level
Inventory Management
Inventory Profiling
Inventory Records
Inventory Strategy
Inventory Turns
Inventory Velocity
Investment
Invitation To Tender (ITT)
Invitation to Treat
Invoice to Cash (I2C)
Invoices
IoT
ISO 9000: 2015
ISO 14001: 2015
ISO 26000: 2010
Item
Items Cost
Item Master
IT Network




M

M/L
Machine Flexibility

Macro Environment
Factors
Macro Environment
Maintenance, Repair, and Operating Supplies (MRO)
Major Breach
Make or Buy
Make-or-Buy Decision
Make-to-Order
Make-to-Stock 
Managing by Exception
Manufacturing Environment
Manufacturing Flow Management
Manufacturing Lead Time
Manufacturing Process Type
Manufacturing Resource Plan (MRP II)
Manufacturing-Based Approach 
Margin
Marginal Gains
Mark-Up
Market
Market Analysis
Market Capitalisation
Market Knowledge
Market Factors
Market Intelligence
Market Price
Market Saturation
Market Segment
Market Share
Master Planning of Resources
Master Production Schedule (MPS)
Mass Production
Material Assets
Material Breach 
Material Handling
Materials Management
Material Requirements Plan (MRP)
Material Requirement Planning (MRP)
Matrix Managing 
Maverick Spend/Off-Contract Spend
Mean
Mean Absolute Deviation (MAD)
Mean Absolute Percentage Error (MAPE)
Mean Sum of Errors (MSE)
MEAT
Median
Mediation
Member State of the ILO
Memorandum of Understanding (MOU)
Meta-Analysis
Metaphor
Method Statement
Metric
Metrics
Mezzanine Floor
MHEs
Micro Environment
Middle Majority
Milestones
Mini-Competition
Min-Max System
Minimum Order Quantity (MOQ)
Minimum Pricing
Minor Breach
Minutes
Mission Statement
Mitigate
Mitigation/Mitigating Action
Mixed Loads 
Mixed Model Scheduling
Mobilisation
Mode
Modern-Day Slavery
Modern Slavery
Modified Re-Buy
Money Laundering
Monitoring
Monopoly
Monopsony
Moonlighting
Motivation
Move Time
Movements
Moving Averages
MRO
MRO Inventory
Multi-Cultural
Multi-Discipline Team
Multi-Modal Transportation
Multi-National
Multi Nationals
Multi-National Company (MNC)
Multi-National Organisations
Multi-Sourcing
Multilevel Bills
Multilingual
Multiple Bills
Multiple Sourcing
Mutual Information System on Social Protection (MISSOC)
Mutual Surrender
Myopic and Far-Sighted Contracts

N

Named Destination
Narrative Format
National Audit Office
National Contact Point
National/Cultural Stereotypes
National Insurance (NI)
National Living Wage (NLW)
National Standards Bodies
Nature of Demand
Negotiated Tendering
Negotiation
Negotiation Variables
Nepotism
Net Amount
Net Assets Turns
Net Income
Net Present Value (NPV)
Net Profit
Net Requirements
Network
Network Management
Network Sourcing
Neuroplasticity
Neuro-Linguistic Programming
New Buy
New Engineering Contract (NEC)
New Products
New Product Development
NGO
Niche
Nomothetic
Noninstantaneous Receipt Model
Non-Cashable Savings
Non-Competitive Benchmarking
Non-Conformance
Non-Disclosure Agreement (NDA)
Non-Functional Requirements
Non-Governmental Organisation (NGO)
Non-Linear Pricing
Non-Verbal Communications
Normal Curve or Bell Curve
Normal Distribution
Notice
Notice of cancellation

O

Objective
Obligations
Obsolescence
Obsolescent Stock
Occupational Health & Safety Agency (OHSA)
OEM
Off the Essence
Offer
Offeree
Offeror
Officers
Offset/Industrial Participation
Offsetting
Off Site
Offshoring
Off-the-Shelf
OJEU
Oligopoly
Oligopsony
Omni-Channel
One Piece Flow
Online Transactions
On-Time Delivery in Full (OTDIF)
Open Account
Open-Book Contract
Open Book Costing
Open-Ended Change
Open-Loop Supply Chain (Traditional/Forward-Loop Supply Chain)
Open Orders
Open Tendering
Opening Stock
Operating Costs
Operating Environment
Operation Overlapping
Operation Splitting
Operational Expenditure
Operational Prerequisites
Operational Supplier Relationship
Operations
Operations Management
Operator Flexibility
Opportunity Cost
Opportunity for Improvement
Orchestrator 
Order Entry Time
Order Fulfilment 
Order Fulfillment Lead Time 
Order Management 
Order of Precedence Clause
Order Point
Order Processing
Order Processing and Communication
Order Promising
Order Qualifiers
Order Tracking System
Order Winners
Ordering system
Organisation
Organisation for Economic Co-Operation and Development (OECD)
Organisational Behaviour
Organisational Culture
Organisational Structure
Organisational Learning
Origin
Original Equipment Manufacturer (OEM)
Outcome-Focused Specification
Oscillating
Out of Hours
Outcome
Out-Group
Outlier
Output
Outsource
Outsourcing
Overall Value at Risk
Overdraft
Overheads
Overservice
Over-Specified
Over-Supply
Owners’ Equity

P

Packaging
Packing 
Packing List
Pain/Gain Clauses
Pallet
Pallet Positions
Palletisation
Pandemic
Paperless
Parent
P Chat
Pareto
Pareto Analysis
Pareto Diagrams
Pareto Principle
Pareto Principle (the 80/20 rule)
Pareto Rule
Pareto’s Law
Part-Exchange
Partnering
Partnering Charter
Partnership Relationship
PAT (Portable Appliance Testing)
Partnership Sourcing
Patent
Patented
Past Consideration
Payback
Pay-Less Notice
Pay When Paid
Payment Terms
Peg Record
Pegging
Pegging Report
Penalties
People
Peppercorn Contract
Perceived Quality
Performance
Performance Benchmarking
Performance Management
Performance Management Framework
Performance Measure
Performance Measurement
Performance Specification
Performance (or outcome-focused) Specification
Performance Standards
Performance Visibility
Perfect Order Fulfillment
Period of Acceptance
Period Order Quantity
Perpetual Inventory Record
Personal Improvement Plan (PIP)
Personality
Person-Job Fit
Petty Cash
Photovoltaic
Physical Distribution
Physical Supply
Pick List
Picker
Picking
Piece Part Price
Piece Price
Pipeline Inventory
Pipeline or Movement Inventories
Pitch
Plagiarism
Plaintiff
Plan Do Check Act Cycle (PDCA)
Planet
Planned Orders
Planned Order Receipt
Planned Order Release
Planner/Buyers
Planning
Planning Bills
Planning Factors
Planning Horizon
Planning Time Fence
Pluralist
Pluralist Perspective
Poka-Yoke
Point-of-Use Storage
Poisson Distribution
Policies
Portal
Portfolio Analysis
Positive-Sum Game
Postmodernism
Postponement
Post-Deduct Inventory Transaction
Probability Distribution
Processing
Post Tender Negotiation (PTN)
Poverty Line
PPE
Precedent
Predictive Validity
Preferred Customer
Preferred Supplier
Preferred Supplier List
Preventative Maintenance (PM)
Prevention Costs
Preventive Maintenance
Pre-Qualification Questionnaire (PQQ)
Pre-Qualify
Price
Price Anchor 
Price Elasticity
Price Index
Price On Application (POA)
Price-Penetration Strategy
Price Schedule
Price-Skimming Strategy
Price Volatility
Pricing Model
Pricing Schedule Appendix
Primary Data
Primary Obligation
Primary Packaging
Primary Sector
Prime Contract
Principal
Principled
Prior Information Notice
Priority
Private Limited Company (Plc)
Private Sector 
Private Sector Organisations
Proactive
Probability
Probability Distribution
Probity
Process
Process Batch
Process Capability
Process Capability Index
Process Capability Ratio
Process Flexibility
Process Flow Diagram
Process Mapping
Process Metric
Process Reliability
Process Specifications 
Procure to Pay (P2P)
Procurement 
Procurement Analyst
Procurement and Supply Management
Procurement Platform
Producer’s Risk
Product Development and Commercialisation
Product Description 
Product Family
Product Life Cycle
Product Owner Programme
Product Specification
Product Structure
Product Tracking
Product Tree
Product-Based Approach
Products
Production Activity Control
Production Lead Time
Production Levelling
Production Plan
Production Planning
Production Strategy
Productivity
Professional Register
Proforma Invoice
Profit
Profit Centre
Profit Margin
Profitability
Projected Available Balance (PAB)
Project
Project Audit
Project Champion
Project Constraints 
Project Initiation Document (PID)
Project Life Cycle
Project Manufacturing
Project Schedule Network Diagram
Project Steering Committee
Project Viability
Projectification
Projects
Promise Time
Promisee
Promisor
Promotional Mix
Prospective Suppliers
Protective Packaging
Prototype
Psychological Collectivism
Psychological Contract
Psychometric Questionnaire
Psychosocial Crisis
Psychosocial Development
Public Limited Company
Public Procurement
Public Sector
Public Sector Organisations
Pull Distribution
Pull Style
Pull System
Purchase Order
Purchase Order Lead Time
Purchase Requisition
Purchasing 
Purchasing Card (Procurement Card)
Purchasing Cycle
Purchasing Requisition
Pure Competition
Push Back
Push System
Pyramid Forecasting

Q

Qualified Bid
Qualitative
Qualitative Analysis
Qualitative Measures
Qualitative Research
Qualitative Techniques
Quality
Quality Assurance
Quality Circles (QCs)
Quality Control
Quality at the Source
Quality Engineering
Quality Function Deployment (QFD)
Quality Inspection(Quality Control) 
Quality Management 
Quality Management System (QMS)
Quantitative
Quantitative Analysis
Quantitative Measures
Quantitative Research 
Quantitative Techniques
Quantities Required
Quantity Discounts
Quarantine Area
Queue Time
Quick Changeover
Quota
Quota System

R

Radical Change
Radio Frequency (RF)
Radio Frequency Identification (RFID) Tag
Random-Location System (Floating)
Random Variation
Range
Rapport
Rate-Based Scheduling
Rated Capacity
RATER Framework
Rationalisation
Raw Materials
Reactive
Read Receipt
Rebate
Reciprocal
Recondition
Reconstructive Change
Recovery Window
Recruitment 
Red Ocean
Reduce, Reuse, and Recycle
Reducing System Nervousness
Redundant Stock
Redundancy
Redundant Costs
Re-Engineering
Referent Group
Refinement
Reflection-on-Action
Regression Analysis
Regulatory Framework
Regulators
Relationship Life Cycle
Relationship Management 
Relationship Marketing
Releasing an Order
Relevance
Reliability
Reliance Damage
Remanufacturing
Remedies
Remedy of the Situation
Remittance Advice
Remuneration
Reorder Point
Repetitive Manufacturing
Replenishment
Representation
Reporting Framework
Reprocurement
Repudiate
Repudiatory Breach
Reputational Damage
Request For Information (RFI)
Request For Proposal (RFP)
Request For Quotation (RFQ)
Request For Quote (RFQ)
Request for Tender (RFT)
Requirements
Requisitions
Rescind
Reserve Stock
Residual Waste
Residual Risk
Restitution Measures
Restricted Marketplace
Restricted Tendering
Resources
Resource Allocation Syndrome
Resource Bill
Resource Levelling
Resource Loading
Resource Planning
Responsible Procurement
Retained Earnings
Retention
Retention of Title (ROT)
Return (or Reverse) Logistics
Returns Management
Return on Capital
Return on Capital Employed (ROC)
Return on Investment
Return on Relationship Investment (RORI)
Return on Supply Chain Fixed Assets
Return Policy
Revenue
Reverse Auction
Reverse E-Auction
Reverse Logistics
Reverse Supply Chain
RFID (Radio Frequency Identification)
Revolutionary Change
RIDDOR Statistics
Right Wing
Risk
Risk Appetite
Risk Exposure
Risk Management
Risk Register
Risk Threshold
Road Safety Impact Assessment (RSIA)
Risk Factor/Expectation Value
Roll-Over Contract
Roller-Stacker Shelf Mechanism
Root Cause Analysis
Routing
Rough-Cut Capacity Planning
RPA
RSD
Run Chart
Run Time
Run to Breakdown (RTB)



S

5S Approach
Safety Capacity
Safety Factor
Safety Lead Time
Safety Performance Index (SPI)
Safety Stock
Safety Stock (Buffer Stock)
Sales and Operations Planning (SOP)
Sample
Samples
Sampling
Sampling Distribution
Scaled Advantage
Scalability
Scatterplots
Schedule of Rates
Scheduled Receipt
Scheduling
Schematic
Scope
Scope Creep
SCOR
SCOR (Supply Chain Operations Reference)
Scorecards
Search Engine
Seasonal Index
Seasonality
Secondary
Secondary Data
Secondary Obligation
Second-Party Audit
Secondary Sector 
Sector
Self-Assessment Tool
Self-Efficacy
SENSEX
Sensitive Receptors
Separation of Duties (SoD)
Sequencing
Service
Serviceability
Service Credits
Service Level
Service Level Agreement (SLA)
Service Levels
Service Sector
Service Life-Cycle Management (SLM)
Services
SERVQUAL
Setup Time
Shape
Share Purchase Agreements
Shareholders
Shared Directory
Shares
Sharing Ratio
Shift
Shipping Address
Shop Floor
Shop Order Master
Shortest Process Time
Shop Calendar
Simple Regression
Single Administrative Document (SAD)
Signed Off
Siesta
Silo Thinking
Silo-Working
Single–Level Bill
Single Minute Exchange of Die (SMED)
SIngle-Piece Flow
Single-Loop Learning
Single Sourcing
SIPOC Diagram
Situational Leadership
Six Sigma
Skunkworks
Skype
Slack
Slack Per Operation
Slack Time
Slotting (or Profiling)
Slushy Zone
Small-and Medium-Sized Enterprise (SME)
SMART
Smoothing Constant
Social Activism
Social Advocacy
Social Capital
Social Impact Assessment
Social Intelligence
Social Protection
Social Responsibility
Socio-Technical
Soft Measures
Soft Pegging
Soft Skills
Software
Sole Sourcing
Sole Trade
Source
Source to Contract (S2C)
Source-to-Pay (S2P)
Sourcing
Specific Performance
Specification
Spend Analytics
Spend Cube
Spontaneous Learning
Spot Buying
Spread
SRM
Stable
Stability Agenda
Staff Churn
Staff Turnover
Staged Pricing
Staggered Delivery
Stakeholders
Stakeholder Management 
Standard Cost
Standard Deviation
Standard Hours
Standards Organisations
Standard
Specifications
Standard Time
Standard Term Contract
Standards-Developing Organisations
Standardized Work
Standing Orders
Statement of Work
Statistical Data
Statistical Control
Statistical Process Control (SPC)
Statistics
Statutory
Stay of Court Proceedings
Stay of Execution
Stewardship
STEEPLE Analysis
STEEPLE Framework
Stock Keeping Units (SKUs)
Stock
Stock Markets
Stock Keeping Unit (SKU)
Stock Profile
Stock Turn/Stock Turnover(high or low)
Stock-Keeping Unit (SKU)
Stockout
Stocktake
Stores
Straight Re-Buy
Strategic 
Strategic Alliance
Strategic Business
Decisions
Strategic Core
Strategic Drivers
Strategic Partnering
Strategic Partnership
Strategic Plan
Strategic Position
Strategic Procurement
Strategic Sourcing
Strategic Supplier
Strategic Supplier Relationship
Strategy
Strengths
Strict Liability
Subcontract or Outsource
Subcontractor
Subcontracting
Subjective
Subjective Measures
Substitutes
Sub-Tier Supplier
Summarized Parts List
Sunk Cost
Supplier Appraisal
Supplier Attrition
Supplier Certification
Supplier Conditioning
Supplier Development
Supplier Flexibility and Reliability
Supplier Inspection
Supplier Preferencing
Supplier Performance Monitoring Scheme (SPMS)
Supplier Pre-Qualification
Supplier Rating
Supplier Rating System
Supplier Ranking
Supplier Rationalisation
Supplier Relationship Manager (SRM)
Supplier Relationship Management (SRM)
Supplier Scorecard
Supply
Supply Base Rationalisation
Supply Chain
Supply chain Event Management
Supply Chain Governance
Supply Chain Integration
Supply Chain Management
Supply Chain Management Cost
Supply Chain Mapping
Supply Chain Network
Supply Chain Network Design
Supply Chain Operations
Supply Organisation
Supply Chain Processes
Supply Chain Resilience
Supply Chain Response Time
Supply Chain Transparency
Supply Chain Vulnerability 
Supply Side
Sustainability
Sustainability Development Goals (SDGs)
Sustainability Reports
Sustainable Competitive Advantage
Sustainable Development
Sustainably
Sweatshops
SWOT Analysis
Systems
Systems Integration
System Theory
System-Generated Reference Number
Systemic






T

Tacit Knowledge
Tactical/Operational Sourcing
Tactics
Takt Time
Tail Spend 
Tall Structure
Tangible
Target Audience
Target Cost
Target Fee
Target Service Levels
Target-Level or Maximum-Level Inventory
Tariff
Task
Taxonomies
Technical (or conformance) Specification
Technology
Technology Chasm
Technology Road Map (TRM)
Tender
Tendering
Term Contracts
Termination Clauses
Tertiary Sector
Testimonial
Testing
Theoretical Capacity
The Public Interest Test
Theory Drive Evaluation
Theory of Constraints
Theory of Swift, Even Flow
Third Party
Third Sector
Third-Party Audit
Third Party Logistics Provider (3PL)
Third-Sector Organisations (TSOs)
Thresholds
Throughput
Throughput Time
Tier skipping
Tier 1 Supplier
Tier 2 Supplier
Tiering
Tightly Coupled Supply Chain
Time Barred
Time Bucket
Time-Based Competition
Time is of the Essence
Time Series (Intrinsic)
Time to Market (TTM)
Time-Series
Tracking Signal
Time Buckets
TMS
Tolerance
Tooling
Total Asset Turnover
Total-Based Competition
Total Cost
Total Cost Approach
Total Cost of Ownership (TCO)
Total Landed Cost (TLC)
Total Quality
Total Quality Management
Total Productive Maintenance
Total Cost of Supply
Total Cost to Serve
Total Inventory Days of Supply
Total Target Cost
Tote Box
Touchpoints
TQM System
Tracking Signal
Tradeables
Trade Body
Trade Bloc
Trade Union
Traffic
Traffic Light (or RAG) Method
Transaction Messages
Transactional Leadership
Transaction Records
Transcendental
Transfer Batch
Transform
Transparency
Transport
Transportation Inventories
Transportation Management 
Trend
Trade War
Transcendent Approach
Transfer of Ownership
Transformational Step Change
Triangulation
Trigger Event
Triple Bottom Line (TBL)
Trust
Trustworthiness
TSD
TUPE
TUPE Legislation
Turnover
Two-Bin System
Types of Inventory

U

Unambiguous
Underwriting
Uniform Plant Loading
Unilateral Contract
Unincorporated Company
Union
Unique Selling Proposition/Point (USP)
Unitarist
Unitization
Unit Load
Unit of Measure
United Nations
Universality
Unliquidated Damages
Up-Skill
Up Time
Upper Control Limit
Upper Specification Limit
Upside Production Flexibility
Upside Supply chain Adaptability
Upside Supply Chain Flexibility
Upstream
Upstream Environmental Factors
Upstream Processes
US Food and Drug Administration (FDA)
User-Based Approach

V

Value
Value Added Tax (VAT)
Value Added Per Employee
Value Advantage
Value Analysis
Value at Risk (VaR)
Value Chain
Value Chain Approach
value Chain Mapping
Value Creation
Value Engineering
Value for Money (VFM)
Value Mapping
Value Propositions
Value Stream
Value Stream Mapping
Value-Added Benefits
Value-Based Approach
Variable Costs
Variable Data
Variable or Dynamic Information
Variance 
Variant Bid
Variation on Price (VOP)
Variety
Vehicle Routing Problem
Verbal Communications
Vertical Integration
Vendor-Managed Inventory (VMI)
Venture Capitalists
Vertical Integration
Vertically Integrated
Violation
Viral Marketing
Virtual Enterprises
Virtually
Vision Statement
Visual Management
Voice of the Customer (VOC)
Volume
VSM

W

Wait Time
Waiting Time Charge
Walk-Away Point
Warehouse
Warehouses (Distribution Centers)
Warehouse Management System
Warehouse Slotting
Warehouses
Warehousing
Warranty
Warranty Cost as Present of Return
Waste
Waste Electronics and Electrical Equipment (WEEE)
Waiver
Waiver of Subrogation
Waybill (or Airway Bill)
WEEE
Wearing Parts
Weighted Moving Average
Weighted Score
Weightings
White Elephant
Whistleblowing
Whistle-Blower
Whole-Life Costs
Whole Life Costing
Win-Win
Win-win Negotiation
Wilful Acts
Wire Transfer
Wise Agreement
WMS
Word-of-Mouth
Work Breakdown Structure (WBS)
Work Cells
Work Center
Work Center Master
Work Packages
Working Capital
Working Stock
Workplace Fraud
Where-Used Reports
Work-In-Process (WIP)
Work in Progress Inventory
Working Capital
Written Off/to Write-Off


X

X-Bar Chart



Y

Yield
YMS

Z

Zeitgeist
Zero Defects
Zero-Sum Game
Zone Picking
Zoning
3F1M

 

 

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