Supply Chain Acronyms
There are so many acronyms that are used in the Supply Chain and Logistics business. It might be becasue we are always trying to save some time to become more efficient in everything we do!
Here I will try to give some of the most commonly used supply chain acronyms, as well as logistics acronyms.
You can add in the comment section the ones you use as well.
Also every company has its own acronym words
Having an over-loaded warehouse is like being overweight.
You don’t feel like doing anything useful as it is hard for you. And when you try to do any small task you cause huge mess.
You get tired easily because even smallest tasks are very difficult for you to get it done.
It’s like having cholesterol; having vascular occlusion is just very similar to have your warehouse racks overfull and there are boxes and pallets Read more
There are many K.P.I.s (Key Performance Indicators) in the Supply Chain. Companies set their goals for the year and keep track of it periodically (weekly, monthly, quarterly) to see how they are going and what they need to focus on more to achieve end-year targets.
KPIs are not always meaningful by themselves. You need to have a balanced scorecard Read more
These watermelons were first developed by a Japanese Farmer Kagawa over 30 years ago. He also has the patent for this “product”. They are perfectly shaped like cubes and moreover they are equally sized. This makes them so easy to stack and transport. This way you can minimize the empty spaces that you should carry around in your truck. I am not sure about the taste, tough. I never had the chance to taste any of these but I must admit it feels a little weird; or maybe I am too much conservative!
It is likely that we will see more fruits and vegetables being grown in similar ways in the future. Our resources are limited and Read more
Making a good decision on which masters program to choose is a tough thing. This is usually a one shot action! Very few people would have the chance to change their minds after they start a program. So you should make sure you won’t regret your choice. But how? Read more