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SCM & Logistics Term of the Day
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2 questions
31 posts

Learn the frequently used terms in supply chain management and logistics field.

Sanish Mathews
Learning & Development Professional
Cost Trade-off: The interrelationship among system variables indicates that a change in one variable has cost impact upon other variables. A cost reduction in one variable may be at the expense of increased cost for other variables, and vice versa.
Sanish Mathews
Learning & Development Professional
Demand-Pull : The triggering of material movement to a work centre only when that work centre is ready to begin the next job. It in effect eliminates the queue from in front of a work centre, but it can cause... (More)
Sanish Mathews
Learning & Development Professional
Cross Dock / Cross Docking : A distribution system in which merchandise received at the warehouse or distribution centre is not put away, but instead is readied for shipment to retail stores. Cross-docking requires close synchronization of all inbound and... (More)
Sanish Mathews
Learning & Development Professional
Fixed Interval Inventory Model:

A setup wherein each time an order is placed for an item, the same (fixed) quantity is ordered.