Glossary


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61) Supply Chain

The supply chain consists of the physical and communication paths connecting multiple, interrelated businesses.  Material, goods, products and information flow through these paths from their points of origin or source (often viewed as beginning with raw material) to the final end consumer. This flow is sometimes extended to include the eventual disposal, recycling or return of goods.  See also, Supply Chain Management, Logistics , Material Handling, and Third Party Logistics. Note that all of referenced terms are highly interrelated and their definitions are frequently intermingled.

62) Warehouse

A  facility utilized to store, protect and secure items for inventory or staging for shipment.

63) Warehouse Management System

An execution system used to manage people, inventory, time, and equipment related to picking and processing customer orders.  The Warehouse Management System receives orders from the Order Management System or the Transportation Management System, then relies on rules and priorities established by the user to optimize the space and work within the four walls of the warehouse.

64) Supply Chain Management

Supply Chain Management is the integration and coordinated execution of all the business processes used to plan and execute the flow of material, goods, products and related information between the many sources and points of use throughout the supply chain in order to achieve the best overall, system wide performance in terms of total cost, on-time (just-in-time) delivery and minimum in-process inventories across the network of suppliers, factories and trading partners that comprise the supply chain.  See also, Supply Chain, Logistics, Material Handling, and Third Party Logistics. Note that all of referenced terms are highly interrelated and their definitions are frequently intermingled.

65) YMS

Yard Management System.  See Yard Management System .

66) Yard management system

A system which is designed to facilitate and organize the coming, going and staging of trucks and trucks with trailers in the parking "yard" that serves a warehouse, distribution or manufacturing facility.

67) TMS

Transportation Management Systems Transportation Management Systems optimize the use of transportation resources to manage inbound, outbound and internal shipments at the lowest cost consistent with customer service standards and trading partner requirements.

68) Software

A system of codes which instructs a computer as to the functions it is expected to perform. 

69) RFID

Radio frequency identification

70) RF

Acronym for Radio Frequency .

71) LMS

Labor Management Systems Labor Management Systems optimize the deployment of labor resources by establishing realistic performance standards and matching those standards to planned activity for optimal scheduling.  Also used to monitor team and individual performance for pay and incentive purposes.

72) DC

In electrical terms, direct current (as opposed to AC which is alternating current).

73) Manifesting

The act of creating a statement which describes and/or lists the load on a vehicle in transit.

74) Cubing

The amount of space occupied by an item or the volume within a system or building.

75) Contained load

A pallet load of items or cartons (either identical or mixed in terms of size or contents).