Supply chain glossary

In our glossary, we explain the most important terms from the areas of supplier and supply chain management.

Audit Trail

What is a Audit Trail? Keep record of what happens in your company!

Bill of Materials (BOM)

What exactly is BOM? Bill of Materials easily explained.

Category Management

What is Category Management? Categorize your supplies and products!

Circular Economy

What is a Circular Economy? The Economic model easily explained.

Compliance-Management

What is Compliance Management? Ensuring Legal and Ethical Supplier Compliance.

Contract Lifecycle Management (CLM)

What does CLM mean? Contract Lifecycle Management explained!

Dual Sourcing

What is Dual Sourcing? Be ready for supplier issues.

E-Procurement

What is E-Procurement? Easy definition and who could benefit from them!

ESG

What is ESG? Understanding Environmental, Social, and Governance.

Inventory Optimization

What is Inventory Optimization? Defined & Explained!

Just-in-Time (JIT)

What does JIT mean? The Just in Time inventory strategy explained!

Key Performance Indicator (KPI)

What does KPI stand for? Key Performance Indicator explained!

Key Performance Indicator (KPI)

What does KPI stand for? Key Performance Indicator defined!

Lead Time

What is a Lead Time? Easy and simple definition.

Logistics

What exactly is logistics? An easy and quick definition.

Minimum Order Quantity (MOQ)

What does MOQ mean? Easy definition of Minimum Order Quantity.

Procurement Process

What is the Procurement Process? A Step-by-Step Guide to Strategic Sourcing.

RFI

What is RFI? Simple Explanation of Request for Information.

RFP

What is RFP? A Clear Definition of Request for Proposal.

RFQ

What is RFQ? How a Request for Quotation Works.

SA8000

What is SA8000? Social Accountability Standard Explained.

Social Accountability

What is Social Accountability? The Basics of Ethical Business Practices.

Social Responsibility (CSR) Activities

Corporate Social Responsibility (CSR) activities are voluntary measures that companies take to operate ethically and responsibly toward society and their stakeholders.

SRM-Software

What is SRM Software? Supplier Relationship Management Made Simple.

Supplier Evaluation

What is Supplier Evaluation? How to Assess Supplier Performance.

Supplier Negotiations

Supplier Negotiations are a strategic Approach to Vendor Management.

Supplier Onboarding

What is Supplier Onboarding? Streamlining the Supplier Integration Process.

Supply Chain Transparency

What is Supply Chain Transparency? The Key to Ethical Supply Chain Management.

Sustainable Procurement

What is Sustainable Procurement? A Complete Guide to Ethical Purchasing.

Vendor-Managed Inventory (VMI)

What does VMI stand for? Vendor-Managed Inventory defined.

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