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PURCHASE ORDER: is a commercial document and first official offer

issued by a buyer to a seller, indicating types, quantities, and agreed


prices for products or services. It is used to control the purchasing of
products and services from external suppliers.

SUPPLY CHAIN MANAGEMENT: is the process of planning,


commissioning execution and control of operations of the supply
network in order to meet customer needs as effectively as possible.
The management of the supply chain traverses the movement and
storage of raw materials, the corresponding inventory resulting from
the process, and finished goods from point of origin to point of
consumption. Proper supply chain management must consider all
possible events and factors that may cause interruption.

INVENTORY: Inventory or stock refers to the goods and materials


that a business holds for the ultimate purpose of resale (or repair).
Inventory management is a science primarily about specifying the
shape and placement of stocked goods. It is required at different
locations within a facility or within many locations of a supply network
to precede the regular and planned course of production and stock of
materials.

WAREHOUSE: A warehouse is a commercial building for storage


of goods. Warehouses are used
by manufacturers, importers, exporters, wholesalers,
transport businesses, customs, etc. They are usually large plain
buildings in industrial areas of cities, towns and villages.

WMS: A warehouse management system (WMS) is a software


application, designed to support warehouse or distribution center
management and staff. They facilitate management in their daily
planning, organizing, staffing, directing, and controlling the utilization
of available resources, to move and store materials into, within, and
out of a warehouse, while supporting staff in the performance of
material movement and storage in and around a warehouse.

TMS: A transportation management system (TMS) is a subset


of supply chain management concerning transportation operations
and may be part of an enterprise resource planning system.
A TMS usually "sits" between an ERP or legacy order processing and
warehouse/distribution module. A typical scenario would include both
inbound (procurement) and outbound (shipping) orders to be
evaluated by the TMS Planning Module offering the user various
suggested routing solutions. These solutions are evaluated by the
user for reasonableness and are passed along to the transportation
provider analysis module to select the best mode and least cost
provider.

ERP: Enterprise resource planning (ERP) is a category of businessmanagement softwaretypically a suite of integrated applications
that an organization can use to collect, store, manage and interpret
data from many business activities, including: product planning,
purchase, manufacturing or service delivery, marketing and sales,
inventory management, shipping and payment, finance.

LOGISTICS: Logistics is generally the detailed organization and


implementation of a complex operation. In a general business sense,
logistics is the management of the flow of things between the point of
origin and the point of consumption in order to meet requirements of
customers or corporations.

KPIS: KPI stands for Key Performance Indicators, or key performance


indicators. KPIs are metrics used to quantify the results of a particular
action or strategy based on predetermined targets, indicators that
allow us to measure the success of our actions.
A KPI is designed to show how it progresses in a concrete, so it is an
indicator of performance. There KPI for different areas of a business:
purchasing, logistics, sales, customer service, etc. Large companies
have KPIs that show whether the actions taken are paying off or, on
the contrary, is not progressing as expected.

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