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Supply Chain

TermDefinition
Inventory/Stock A complete list of items such as property, goods in stock, or the contents of a building.
Demand The desire of consumers, clients, employers, etc. for a particular commodity, service, or other item.
Costing The proposed or estimated cost of producing or undertaking something.
Barriers to Entry Obstacles that make it difficult to enter a given market.
Transportation A system or means of transporting people or goods.
Supplier anyone who provides goods or services to a company or individuals
Manufacturer a person or company that makes goods for sale.
Wholesaler/Distributer Wholesaling involves selling merchandise to retailers. A wholesaler can act as a middleman, brokering deals between these businesses.
Retailer A retailer purchases goods or products in large quantities from manufacturers directly or through a wholesale, and then sells smaller quantities to the consumer for a profit.
Billing the process of preparing or sending invoices.
Warehousing the action or process of storing goods in a warehouse.
Vendor a person or company offering something for sale, especially a trader in the street.
Logistics the commercial activity of transporting goods to customers.
Negotiation discussion aimed at reaching an agreement.
Distribution the action of sharing something out among a number of recipients.
Sourcing find out where (something) can be obtained.
Break-bulk denoting a system of transporting cargo as separate pieces rather than in containers.
Freight goods transported in bulk by truck, train, ship, or aircraft.
Distribution Channel The chain of businesses or intermediaries through which a good or service passes until it reaches the end consumer.
Raw Materials the basic material from which a product is made.
Created by: tinabdsc
 

 



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