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Supply Chain

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Term
Definition
Stock/Inventory   the goods or merchandise kept on the premises of a shop or warehouse and available for sale or distribution.  
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Supplier   A supplier, is a supply chain management term that means anyone who provides goods or services to a company or individuals.  
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Billing   Process of generating an invoice to recover sales price from the customer. Also called Invoicing. See also billings.  
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Logistics   'management of inventory in motion and at rest.'  
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Distrabution   Commerce: The movement of goods and services from the source through a distribution channel, right up to the final customer, consumer, or user, and the movement of payment in the opposite direction, right up to the original producer or supplier.  
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Distribution Channel   The path through which goods and services travel from the vendor to the consumer or payments.  
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Sourcing   the process of finding suppliers of goods or services See also outsourcing  
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Manufacturer   Entity that makes a good through a process involving raw materials, components, or assemblies, usually on a large scale with different operations divided among different workers. Commonly used interchangeably with producer.  
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Demand   it is a consumers desire for a product or service.  
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Transportation   Any device used to move an item from one location to another. Common forms of transportation include planes, trains, automobiles, and other two-wheel devices such as bikes or motorcycles.  
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Distribution/Wholesalers   Person or firm that buys large quantity of goods from various producers or vendors, warehouses them, and resells to retailers. Wholesalers who carry only non-competing goods or lines are called distributors.  
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Warehousing   General: Performance of administrative and physical functions associated with storage of goods and materials. These functions include receipt, identification, inspection, verification, putting away, retrieval for issue, etc.  
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Negotiation   General: Bargaining (give and take) process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an agreement to settle a matter of mutual concern or resolve a conflict.  
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Break-Bulk   Consisting of several individual small and different sized items, loads, or units.  
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Raw Materials   Basic substance in its natural, modified, or semi-processed state, used as an input to a production process for subsequent modification or transformation into a finished good.  
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Freight   A charge paid for carriage or transportation of goods by air, land, or sea.  
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Vendor   A Person who sells something  
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Retailer   A business or person that sells goods to the consumer, as opposed to a wholesaler or supplier, who normally sell their goods to another business.  
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Barriers to Entry   Economic, procedural, regulatory, or technological factors that obstruct or restrict entry of new firms into an industry or market.  
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Costing   System of computing cost of production or of running a business, by allocating expenditure to various stages of production or to different operations of a firm.  
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