In this glossary, find all the vocabulary of the supply chain and digital.
Actual demand :
Actual demand corresponds to the products concerned by a customer order, production and distribution.
AI - Artificial Intelligence :
Artificial intelligence brings together the theories and techniques that can be used to create machines capable of simulating intelligence.
In opposition to the burst preparation, the allotment is a supply process based on a" "relay" ". In this mode of supply, the products are delivered in batches to the same place: the relay, usually a warehouse or hub.
The products will then be distributed in their final places, most often stores.
Annual inventory :
Count of goods in stock at the end of each accounting year. It is claimed by the financial controllers when calculating the management balance.
AOM - Advanced Order Management :
Application allowing to optimize the management of orders and the administrative linked to orders.
API - Application programming interface :
An API is a programming interface that allows you to connect 2 applications together so that they exchange data.
APS - Advanced Planning & Scheduling :
Planning system covering all of a company's flows (materials, information and finance) in order to synchronize and optimize its activities and interfaces according to the constraints present in its system.
APS thus integrates all the factors limiting the performance of a company such as :
- the lead times,
- the efficiency of a machine,
- the seasonality of a product,
- storage capacity,
- customer delivery dates,
- the rate of use of resources.
ASM - Advanced Supplier Management :
Intelligent management of suppliers and replenishment processes.
ATO - Assemble To Order :
Production strategy of an organization that aims to delay as far downstream as possible the customization of a product.
Upon receipt of each sales order, the components of a finished product are assembled according to the customer's needs. Delivery times are only calculated from the assembly phase until the product is delivered to the end customer.
ATP - Available To Promise :
Quantity of stocks actually available on a forecast basis, on a specific date for a new sales order. It is thus a question of reserving the quantities in stock to meet demand and ensure the start of production.
The ATP available stock will be the result of the quantity put into production from which the customer orders will be subtracted.
Automation allows you to perform technical tasks automatically, after programming the task with a machine.
It eliminates the need of human intervention to complete the task.
Monstock allows you to automate your processes in order to save your employees time and optimize your sales processes.
Symbol consisting of bars and spaces. It is used to represent numeric or alphanumeric data.
Big data :
The advent of electronic commerce and digital marketing confronts businesses with a large amount of data to manage.
The big data problem is centered around 5 points:
- Value: faced with the multitude of data collected, companies must today learn to keep only the most interesting data in order to use them correctly,
- Volume: in digital companies, the amount of data collected is substantial and constantly increasing,
- Variety: all the data collected by the companies are not of the same type, it can be written, visual, audio, etc.,
- Speed: all the data collected must be analyzed quickly,
- Veracity: the great diversity of data collection points threatens the veracity of the data collected, in particular because of the appearance of false profiles or robots automatically filling out forms.
The blockchain is a secure database allowing the storage and transmission of information. It contains the history of all the exchanges made since its creation. All of its users can view and modify it, but it cannot be partially erased or deleted.
BPM - Business Process Management :
Business Process Management: gives a view on all the processes carried out by the organizational trades, to optimize and automate their interactions.
A process that receives a greater demand for labor relative to the production capacity of a company. This process causes a disruption in the workflow as well as significant delays in the production chain.
Brick and Mortar :
Term used in the field of the Internet and electronic commerce and meaning for a traditional company to have only physical points of sale, located in solid buildings without benefiting from online activity.
The burst occurs in just-in-time flow. This involves distributing the various packages making up a pallet to be supplied to its various stores.
Business Continuity plan :
The PCA represents all of the actions, processes and organizations that allow to maintain the critical activities of a company.
Business Intelligence :
A technological process of analyzing data and presenting information to help a company make intelligent business decisions.
This process brings together a wide choice of tools, applications, and methodologies in order to collect data from internal or external systems and benefit from an analytical result.
Business Intelligence brings many benefits to a company:
- speed up and improve decision making
- speed up internal business processes
- increase operational efficiency
- to gain a competitive advantage over the competition.
Business Recovery Plan :
In the event of a major crisis in a data center, the business recovery plan allows the company to be able to find its infrastructure and restart all the applications necessary for its activity.
Capacity management :
Measurement, analysis and rectification process of production capacity needs.
Capacity Planning :
Capacity planning determines the production capacity necessary to complete the demand of a company.
Class ABC - Pareto :
The ABC class is a stock analysis method coming from the Pareto principle. In this method, stocks are divided into three classes:
- Class A: products belonging to this class generally constitute 80% of the total value of the stock and 20% of the total number of products in stock.
- Class B: products belonging to this class generally constitute 15% of the total value of the stock and 30% of the total number of products in stock.
- Class C: products belonging to this class generally constitute 5% of the total value of the stock and 50% of the total number of products in stock.
Click and Collect :
Click and Collect is a service offering its users to order one or more products and then come to collect their order in a nearby store.
Clipping occurs when a product sees its production tools and shipping capacities asynchronous with demand. It is generally the products with high seasonality or having a long expiration date which are concerned.
Cloud Computing :
With Cloud Computing, enterprise data and applications are not located on local computers. They are located in the Cloud, on remote servers. Access to data is therefore through an application or an Internet browser, and allows users to have their data from any device.
Cloud Computing has three main types of services:
- Saas (Software as a service): software distribution model where a supplier houses all the applications available using the Internet,
- Paas (Platform as a service): hardware and software tools linked to the Internet and allowing users to develop their applications,
- Iaas (Infrastrucutre as a service): service that allows you to benefit from many computer resources through the Internet or otherwise.
Computer-assisted maintenance management :
Management method of business maintenance services assisted by software.
Integration consists in connecting two interfaces developed separately to make them work together.
Monstock offers many integrations with external software of all types (e-commerce, CRM, accounting, etc.) to automate your different processes and gain productivity.
Combination of goods from several shippers or to the address of several recipients, to carry out the shipment of the consigned batch by a single transporter.
Continuous Improvement :
Willingness to improve processes, focused on the need to continually review operations based on issues, offers, prices, profitability, etc. This approach aims at the perpetual control and improvement of the processes without additional investments.
Control Tower :
Method for managing stock locations and levels presented in the form of a connected and customizable dashboard. This table helps determine the right amount of stock wanted by the business in the right place at the right time.
Factors limiting the performance of a flow (physical, financial or information).
This is a barrier that slows the progress of an entire business system toward its sales goal. There are several types of constraints such as production bottlenecks but also production plans specific to the industrial environment and grouping together time and capacity constraints.
Coverage rate :
The coverage rate corresponds to the quantity of customer requests covered by the immediate availability in stock of the products, without using replenishment and by eliminating lost sales. The coverage rate makes it possible to study the improvement in stock performance in order to recover a greater share of demand. It is measured by averaging the number of requests correctly processed over the total number of requests.
CRM - Customer Relationship Management :
CRM software allows you to manage your customer relationships in order to provide the best service to your customers. They allow you to capture, process and analyze all the data of your customers and prospects.
Cross - Canal :
Distribution strategy leveraging multiple distribution channels. The cross channel addresses all multi - distribution and information channels simultaneously.
The advantage of the cross channel is to increase sales opportunities by supporting consumers throughout their various stages of purchase.
The cross-docking process passes the goods directly from the receiving docks to the shipping docks. They are not stored before being shipped. With this process, supply flows are crossed with terminal delivery flows.
CRP - Capacity Requirement Planning :
Planning process and determination of labor and machine resource requirements allowing companies to define the quantity of products and / or components to be produced and to determine whether or not it is able to meet the demand and thus achieve its performance targets.
CTP - capable To Promise :
Quantity of product in stock potentially available upon receipt of a new order. The seller agrees with his customers to make the desired product available when ordering.
Cycle Time :
Refers to the time it takes to repeat a given task, typically measured from the start of processing a product on a specified machine or operation until the start of processing another similar product on the same machine or same process.
Cycle time is generally classified into 5 distinct categories:
- Manual cycle time,
- Machine cycle time,
- Automatic cycle time,
- Global cycle time,
- Total cycle time.
Cyclical inventory :
The cyclical inventory is a physical inventory, carried out on a recurring basis at intervals determined by the company, in order to correct any inventory errors.
Dark stores :
Responds to a need for e-commerce. Corresponds to a retail point of sale or a distribution center exclusively focused on online purchases.
Data Driven :
A business is said to be Data Driven when it is "data driven". The company uses analytical technologies to analyze data in order to make strategic decisions and guide its evolution.
After collecting data on a customer present on your online store, The set of datamining analysis techniques will allow you to study customer behavior to allow you to rework visits to your ecommerce site.
Date Deadline :
Final date on which a financial transaction must be carried out.
Deadline for optimal use :
It is listed on certain foodstuffs which do not represent an immediate danger once the date has passed. Only their organoleptic and nutritional qualities are not guaranteed.
Delivery A for B :
In the supplier language, A corresponds to the day you place your order and B corresponds to the delivery day. You can then place an order for delivery A for B on a Tuesday to be delivered the next day, Wednesday.
Delivery A for C :
In the supplier language, A corresponds to the day you place your order and C corresponds to the delivery day. You can then place an order for delivery A for B on a Tuesday to be delivered two days later, Thursday.
Delivery A for D :
In the supplier language, A corresponds to the day you place your order and D corresponds to the delivery day. You can then place an order for delivery A for B on a Tuesday to be delivered three days later, Friday.
Dematerialization / EDI :
Dematerialization is a process of digitizing your documents and data. It allows you to manage all your documents in dematerialized format, that is to say without any paper copy. Electronic Data Interchange allows you to exchange your data through a single support.
Direct to Consumer :
Distribution method by which the manufacturer itself ensures the activity of selling and distributing its products to consumers.
Digitization allows you, using hardware and software technology, to set up in your company the digital tools available for your activity.
Monstock is a software allowing you to digitize your management of stocks and flows by having all the necessary information in digital format and no longer paper.
Dimensional weight :
The dimensional weight is the ratio between the weight and the size of a package. It is taken into account in the calculation of the price of the carriers, with the real weight.
Distribution area :
The distribution area corresponds to the place where the physical operations of preparation, distribution and weight lifting are carried out. This area contains locations assigned to groups based on one criterion: priority.
Distribution networks :
The retail outlets of a brand constitute its distribution network.
DIY stores :
Large do-it-yourself stores : part of the specialized supermarkets.
DDMRP - Demand Driven Material Requirement Planning :
Process aimed at optimizing supply chain inventory management according to market demand. It allows a more accurate level of stocks by relying on calculations linked to the flow of stocks.
Downstream Supply Chain :
The Downstream Supply Chain is a logistics activity for the customer or end consumer. It brings together all the logistical activities enabling the finished product to be conveyed in desired quantities to the final consumer.
DRP - Distribution Ressource Planning :
DRP allows you to anticipate the supply of goods to your distribution sites over a broad horizon. You will be able to prioritize the distribution of your stocks in the short term.
Dynamic picking :
Dynamic picking is an order preparation technique which aims to guarantee product rotations, avoid interference in restocking and material collection tasks, and speed up order preparation. The shelving is made up of metal frames and inclined roller rails to allow easier exit of the goods.
E-commerce, or online commerce, corresponds to the commerce of goods or services taking place through computer networks such as the Internet.
EAN - European Article Numbering :
International standard conditioning the identification of commercial products using bar codes. It is now replaced by the GS1 standard.
EDIFACT (Electronic Data Interchange for Administration, Commerce and Transport) :
EDIFACT is an international standard used in an EDI. It is coordinated by UN-CEFACT (United Nations Centre for Trade Facilitation and Electronic Business.).
Electronic Document Mangement :
Electronic document management refers to the process of managing the various documents of a company in a completely dematerialized way, using software and hardware.
E- reservation :
Action which consists of reserving your product on the Internet for free and then picking it up in store. The product can then be studied / tried and possibly purchased at the desired point of sale.
ERP - Enterprise Ressource Planning :
The integrated management software allows you to manage all the resources of a company by providing employees with all the resources they need in the performance of their duties, but also by allowing them to have an overview of all of the company's processes, thereby optimizing its productivity.
ETO - Engine To Order :
Production strategy of an organization or business used for goods in need of customization.
In this process, the customer is involved in every stage of production, from the process, from design to delivery.
Expected Date :
Calculation aimed at anticipating a future situation, based on forecasts.
Expiration date :
This date is written on perishable food products likely to cause immediate danger once exceeded.
Extraction, Processing and Loading :
Data integration process using an intermediary server before final loading on the target (database, data warehouse, target server). This process requires connectors to import or export the data, transformers to manipulate the data, and mappings.
Fabrication order :
Order authorizing the manufacturing workshop to start the production of products or parts.
FCS - Finite Capacity Scheduling :
Production / transformation planning method incorporating constraints (capacity over resources, number of resources available in the company). The scheduling system allows the production planning to be readjusted by moving the initial production dates.
FEFO - First Expired First Out :
In the FEFO valuation of stocks, those are the products that expire first that come out of stocks in priority when preparing an order.
FIFO - First In First Out :
In the FIFO valuation of stocks, the stock removal takes place in the same order as the entry into stock. This method is used in particular by companies with perishable goods.
Finite capacity scheduling :
The scheduling with fine capacities integrates predefined constraints on the means and resources of production, which can for example apply on the deadline, the output, etc.
Flow pushed :
The model of piloting flows in flow pushed is based on a program or a calendar which is established in anticipation of demand. In fact, we speak of a pushed flow when once step x is completed, the flow is pushed to step x + 1. The raw materials are then introduced into the production chain according to demand.
FMD - Reliability Maintainability Availability :
Concept constituting the major indices of a strategy for optimizing maintenance activities within a company.
- Reliability refers to the MTBF indicator and focuses on "Machines",
- Maintainability refers to the MTTR indicator and focuses on "People",
- Availability is the result of the two previous indices (reliability and maintenance) and makes it possible to reveal the efficiency and availability of an equipment so that it can best fulfill its function.
Quantified estimate of the short, medium or long term evolution of a variable or a phenomenon. It comes from the use of modeling techniques as well as simulation. The forecast is always dated to define an issue.
- Short term: one year
- Medium term: 5 years
- Long term: more than 5 years
Free delivery is a delivery in which the sender bears the shipping costs. The buyer therefore doesn't pay shipping costs.
FSM - Field Service Management :
Service management in the field.
Gantt Chart :
Tool used in project management to graphically illustrate and visually represent the progress of the various activities (tasks, production orders, planning and scheduling) that make up a project.
General inventory :
Inventory in which the entire stock is checked.
GPAO - Computer Aided Programming Management :
Computerized production management program to manage all activities related to the production of a company.
Gross requirements :
During production, the gross requirements correspond to the quantities of components required to assemble the products.
Organization that governs product identification and communication standards between trade and industry partners.
Order preparation methodology in which the preparer prepares several orders at the same time.
Handling unit :
The handling unit is a physical unit that is identifiable by a unique identifier. It consists of packaging and content, which can be a product or itself a handling unit.
Term given to a class of algorithms used to determine in real time a feasible solution to a complex optimization problem.
Among other things, a heuristic is an algorithm that quickly provides a solution, but not necessarily an optimal one.
Home delivery :
The last step in the customer's purchasing process, home delivery involves delivering the purchased product (s) directly to the buyer's home, using a specialized carrier.
Correspondence platform: central point of a transport network where products are grouped together before arriving at their final recipient.
IaaS - Infrastructure as a Service :
Infrastructure as a service is one of the three categories of cloud computing, providing remote access to corporate data using an Internet connection.
With the infrastructure as a service, the proposed solution is hardware, it is an IT infrastructure (server space, network connections, bandwidth, IP addresses and load balancers).
IFP - Integrated Forecasting Procurement :
IFP enables forecasting and global optimization at all levels of the Supply Chain. This solution acts independently on each node of the organization, but also in coherence with the organization and the partners.
Incoterms (International Commercial TERMS) :
Incoterms are standardized rules for the use of terms in international sales contracts. They specify the obligations of the seller and the buyer, in particular as regards the delivery of the goods, the transfer of risks and the distribution of costs.
Industry of the future / Industry 4.0 :
The industry of the future (or industry 4.0) is a new vision of the industry, using the various digital tools at its disposal to organize the means of production with objects and products from the real world.
Information system :
The information system brings together all of the IT resources that make it possible to collect, store, manage and communicate information.
Innovative purchasing :
In Store Pickup :
Action consisting of a consumer buying a product on the internet and then picking it up in a specialized store.
Integrated logistics system :
An integrated logistics system allows to manage the flow of information between the various actors in the production of a product. The information starts from the information and goes to the data necessary for delivery.
Field service process. It can be services carried out by mobile employees such as technicians, inspectors or other employees called upon to carry out service interventions.
Intervention Report :
Allows you to take note of the actions taken by a client during an intervention (detail of the request, explanations of the assignment, anomalies, equipment).
Inventory control :
All the processes which make it possible to ensure the availability of articles (supply, storage, accessibility) while ensuring a low cost of stock. Stock control concerns raw materials, articles used for production or services as well as finished products. A good inventory control allows to always have the optimal volume of stock in the right place and at the right time.
Inventory cycle :
Stock management indicator to measure the time elapsing before having to renew your stocks (before the next receipt of materials and products).
Inventory gap :
Difference in stock between physical stock and computer stock. In Monstock, when carrying out an inventory, you can filter the list of results with three cases. The case of inventory gap corresponds to products for which the inventoried quantity is superior or inferior to the theoretical quantity in Monstock.
Inventory management :
Inventory management is a process for optimizing all the processes related to inventory management, while minimizing losses and maximizing income.
Inventory rotation :
Inventory rotation is the number of times the inventory is replaced over a defined period. The ratio can be calculated for materials, supplies, work in progress, or finished products. It can also be calculated for the entire stock, for distribution and manufacturing.
Inventory Software :
Inventory management software.
IOT - Internet Of Things :
Infrastructure that allows objects to be connected to each other using new technologies. It allows to organize the exchange of information and data from physical devices (devices present in the real world) to the Internet.
Just in Time :
Just-in-time management model developed to eliminate all sources of waste, such as intermediate stocks and non-quality. In this piloting model, production is equal to demand throughout the process, production being triggered by orders. The risk of this model is in the lack of responsiveness of the system.
The objective is therefore to:
- Respond to an immediate request from a customer by triggering the production process upon receipt of the order.
- Minimize stocks and work in progress by reducing the transit times of components and products in their various stages of development.
Just in Time by cards (Kanban) :
This Japanese production management method aims to start the production of a product immediately after consumption to replenish the initial stock level.
Just-in-time flow :
The just-in-time flow control model is based on the delivery of quantities that correspond as closely as possible to demand. This avoids the storage of raw materials and finished products. Costs are therefore reduced and time is optimized.
Internal picking: this is the process of picking the components necessary for production.
Large and medium-sized stores :
Category which includes hypermarkets and supermarkets.
Large food stores :
Includes large food stores.
Last mile delivery :
Last step in the delivery chain, to get the product to the end customer. This is the most difficult step to manage at the logistical level because of the scattering of delivery points in mainstream markets.
Lead time :
Time between ordering products or raw materials from a supplier and receiving this order. The supply time covers the delivery time (time that the supplier takes to send the order) as well as the order time (time elapsed before being able to place a new order), and is counted in days.
Lead Time :
The Lead Time corresponds to the time which elapses between the start of a process and its end, for example the time which elapses between the reception and the dispatch of an order.
Lead time delivery :
Time elapsed between validation of the order and delivery to the customer. This period is taken into account for the evaluation of the quality of a service.
Lean logistics :
Lean Logistics' approach is an improvement process aimed at eliminating all waste of time and resources by getting rid of unnecessary operations that make logistics processes long and less efficient. This approach is based on tools of analysis and modernization of flows.
Lean Management :
- Define the value,
- Identify the flow of value,
- Promote the flow of flows,
- Pull the streams,
- Continuous improvement.
LIFO - Last in First Out :
In the valuation of LIFO stocks, the first product to be released is the product that last entered stock.
Load break :
The load break corresponds to the change of vehicle of the goods during their transport. These are steps that are expensive for carriers due to the immobilization of vehicles, risk of loss or breakage of the goods, etc.
In Monstock, a location is a storage subunit contained within a site.
Logistics manages all physical flows and related data while respecting the conditions (economic, legal, quality of service, security and safety) expected to be satisfactory.
Logistics pooling :
Logistics pooling consists of sharing all or part of the resources used in carrying out logistics activities for manufacturers or distributors: it can be carried out during receptions, shipments, order preparations, etc.
Logistics sales unit :
The logistics sales unit is represented by the form and packaging in which a company sells the product to its customers. It differs from the logistics storage or purchasing unit: it is quite possible to choose to sell a product in a different packaging from that in which the product was purchased or still stored. This can be represented by a pallet, a package of 12 units, a package of 100 units or even 1 unit of the product.
Logistics storage unit :
A logistics unit represents the form and packaging in which it is possible to store a product. It differs from the logistics unit of purchase or sale: it is indeed possible to choose to store a product in a different packaging from that in which the product was purchased or will be sold. This can be represented by a pallet, a package of 12 units, a package of 100 units or even 1 unit of the product.
Machine learning :
Machine Learning corresponds to automatic and autonomous learning of an artificial intelligence technology. Indeed, artificial intelligence will be able to learn without having been programmed for that beforehand.
Machine Learning is linked to Big Data, because the machine will rely on data from Big Data to analyze and thus learn.
A marketplace is a web application used to sell goods or services through the Internet.
MCO - Maintenance in Operational Condition :
Defines all maintenance activities aimed at ensuring the availability of equipment and systems.
Merchandising aims to place sales or margins to the maximum. The component techniques of merchandising improve the display surfaces of products.
Merchandising can be optimized based on analyzes of sales and results as well as customer behavior in stores.
Meta Heuristic :
Optimization algorithm used to find solutions to optimization problems in research, engineering, and artificial intelligence when exact techniques are insufficient.
MOQ - Minimum Order Quantity :
Corresponds to the minimum quantity to order during a supplier order to minimize the costs applicable to it (purchase, storage, etc.). The order is therefore triggered only when the stock level reaches the order point.
In Monstock, a move allows you to change a product or equipment of location, while staying in the same storage site.
MPOS - Mobile Point Of Sale :
MRP - Manufacturing Resource Planning :
The MRP method is used to plan long-term requirements for components during the manufacturing of products. Using commercial and technical data, it makes it possible to calculate the net requirements for raw materials or components that are necessary to make or buy.
This method makes it possible to automatically manage production or orders in order to control the production of final references.
MRO - Maintenance Repair & Overhaul :
All maintenance, repair and overhaul operations delivered by approved operators.
They bring together a set of strictly regulated, mandatory and periodic activities, generally divided into 4 categories:
- Level A maintenance: to be carried out every month,
- Level B maintenance: to be carried out every 3 months,
- Level C maintenance: to be carried out every 12-18 months,
- Level D maintenance: to be carried out every 4-5 years.
MTBF - Mean Time between Failure :
Indicator for monitoring the performance of maintenance activities measuring the average time between two consecutive failures.
The MTBF is the indicator that measures the reliability of a machine, and which aims to increase in order to extend operating times at given operating conditions.
MTP: Make To Order :
Production strategy of an organization consisting of only producing firm and final customer orders (pull-flow configuration). Manufacturing does not begin until the sales order is placed and received.
MTS - Make to Stocks :
Production strategy consisting of manufacturing all types of products and then storing them for forecast demand. This organization is particularly suitable for standardized products which do not require any form of customization.
MTTR - Mean Time To Repair :
Essential performance management indicator for the representation of the average time to repair and restore the function of a product or a system.
The MTTR is the major indicator of machine maintainability and aims to calibrate itself in order to reduce the intervention times of technicians and operators.
Multi - Distribution :
Multi-distribution means the use of channels of access to all types of customers. Companies adapt by maximizing their distribution channels to the specific needs of their customers in order to increase their productivity.
Multi - planning :
Online planning tool that allows you to manage, pilot and coordinate a schedule.
Net requirements :
Remaining quantity of a product after deducting the available stock and the planned order receipts. The calculation takes into account the safety stock and the reception forecasts.
NFC - Near Field Communication :
Wireless and near field data communication technology. Communication takes place at short range (about 10cm maximum) and at high frequency.
NIFO - Next In, First Out :
In the NIFO inventory valuation method, it is the next product to be put in stock that will come out first. It is influenced by the evolution of the price of inputs in production or of storage prices of products. The main characteristic of the NIFO method is the replacement of the stock value.
Not inventoried products :
When carrying out an inventory, you can filter the list of results with three cases. The presence of non-inventoried products indicate one or more products present in theory which was not counted during the inventory.
An omnichannel strategy refers to a strategy in which all the contact and sales channels available are used by a company to reach its customers.
OMS - Order Management System :
Intelligent tool to optimize inventory and order management across all sales channels.
On premise :
An on premise software is a software installed on the company servers. It is necessary to have a license from the publisher to use it. In opposition to a SaaS software, the software architecture is physically present on company devices.
Optimization under constraints :
Class of algorithms for evaluating all the possible scenarios for a given problem, indicating the optimal paths and therefore the best decisions to be made.
OTD - On Time Delivery :
Key performance indicator that refers to the rate of finished product and on-time deliveries expressed as the total number of units delivered in a period predefined by the customer and the supplier.
On Time Delivery makes it possible to assess compliance with delivery deadlines and thus the quality of suppliers in a logic of continuous and collaborative improvement.
OTIF -On Time In Full :
Key performance indicator that judges the performance of a supplier from the customer's point of view.
OTIF consists of evaluating a supplier's ability to deliver the expected product, in the desired quantity, at the desired level of quality, in the right place, on time.
An overstock situation is a situation in which the stock is too large in relation to demand.
Paas - Plateform as a Service :
The platform as a service is one of the three categories of cloud computing, to provide access to corporate data remotely, using an Internet connection.
With the platform as a service, the solution gives access to paid services which allow the consumption of resources generally necessary for the development of applications.
Partial inventory :
Inventory in which only a part of the stock is checked.
PDP - Master Production Schedule :
Per inner :
The SPCB is used to quantify a conditioning. More specifically, it indicates the number of sub-packages. It is made up of sales units and is a sub-multiple of per outer.
Per outer :
The per outer is used to quantify a packaging. More specifically, it indicates the number of packages. It is made up of per inner or sales units.
Permanent inventory (rolling inventory) :
The permanent inventory allows computerized inventory management, by bringing new products to inventory accounts in real time.
Physical inventory :
Manual counting of the exact number of products in their locations on a given date.
- PIC - Industrial and commercial Plan :
Periodic and collaborative decision-making process to balance supplies according to changing demand. The search for this balance is based on the integration of incoming data such as:
- Sales forecasts,
- Firm orders,
- The marketing plans.
Pick and pack :
The Pick and Pack is a method of preparing orders in which the UV rays collected are immediately stored in their packages.
Pick then pack :
The pick then pack is a method of order preparation in which the UV collected is not stored in their package until the order preparation process is completed.
Pick to belt :
The pick to belt is a method of order preparation in which the preparer prepares complete boxes, picks them up and places them on a conveyor located between two spans.
Pick to light :
The pick to light is a visually guided preparation system. A system visually guides the preparer to the locations where he must pick up the items for the order.
In logistics, picking is the action of collecting the products / articles of an order in the stock, to group them at the place where the packages will be made.
Picking replenishment :
The picking replenishment amounts to taking quantities from the reserve stock in order to replenish the picking stocks.
PIM - Product Information Management :
The management of product information allows to centralize all information relating to products. The management of this information allows to provide employees and customers with the maximum amount of information concerning the product catalog in real time (descriptions, images, dimensions, etc.).
Document presenting the chronological sequence of the various logistical stages of an operation.
It allows operations to be processed so that they take place correctly.
Production Planning :
Company strategy of defining the start and end dates of production so that they are completed on time.
Products not found :
When carrying out an inventory, you can filter the list of results with three cases. Products not found corresponds to products for which there was no quantity on the location in theory. It corresponds to an addition of proucts.
POS - Point of Sale :
This place is specially fitted out for the reception of the public. It is set up for the purpose of selling and promoting goods or services.
In industry, procurement is the process of delivering a good or a service.
It is divided into 2 flows: physical and administrative.
The administrative flow concerns the sending and receiving of data such as purchase orders, invoices, etc.
The physical flow concerns all the means of transport used to transport the product or service.
Economic activity exploiting the resources of labor and capital, called factors of production, with the aim of producing goods or services from intermediate consumption (goods or services purchased from other companies and then transformed).
Pulled flow :
The model for managing flows in pulled flow is opposed to pushed flow. In this model, it is the real demand and not the forecast of demand that drives production flows.
Purchasing logistics unit :
The logistics purchasing unit corresponds to the form as well as the packaging in which a company purchases the product from its suppliers. It differs from the logistics unit of storage or sale: it will indeed be possible to choose to buy a product in a different packaging from that in which the product has been stored or will be sold. This can be represented by a pallet, a package of 12 units, a package of 100 units or even 1 unit of the product.
QR code :
Quick Response Code: The QR code allows a quick decoding of the barcode in two dimensions which consists of black modules appearing in a white square. It can be deciphered by a barcode reader, a smartphone, etc.
Also called a work order, it makes it possible to establish the actions to be carried out, mainly for technicians, inspectors or similar trades.
The receipts are the comparison by the customer and the supplier of what has been ordered and what has been produced in a production project.
Reconditioning is a recycling operation of used pallets, with the aim of putting them back on the market in good condition. Reconditioning involves collection, sorting, cleaning and marketing. If necessary, a repair can be made. If repair is impossible, the waste recovery of pallets will be preferred.
During a reception, the remainders correspond to the products not delivered at the time of the first delivery.
Monstock can help you manage your remainders, in particular by allowing you to view the missing products and to come back to complete your receipts as and when the remainders are delivered.
Reporting is used to present reports on the activities and results of a company. It is useful in analysis and improvement procedures.
Consists of a business or person reselling a product in the state in which it was purchased directly to consumers.
Retail Chain :
A retail chain is made up of points of sale belonging to the same brand, and having a centralized management for all the stores.
Returned Stock :
Reverse logistic (RMA) :
Reverse logistics represents all the processes and flows from the consumer to the manufacturer. It can in particular be achieved by holding an after-sales service, or during the management of returns of defective products, end-of-life items or overstocks.
RFID - Radio Frequency Identification :
Method of memorizing and recovering data remotely. Radio Frequency identification uses radio tags (or RFID tags / transponders), a technology that allows automatic identification: an electronic chip is associated with an antenna which is attached to an object. It is not necessary to see the label to read the information contained in the chip remotely.
RGPD - General Data Protection Regulation :
General European regulation obliging companies and other organizations to take initiatives on the protection of personal data.
RMR - Retail Management Replenishment :
In the MRM, inventory management is carried out by the distributor. The distributor then creates delivery calls from his sales forecasts which are transmitted to his suppliers.
S&OP - Sales & Operations Planning :
S&OP is a business management process aimed at identifying, arbitrating and solving complex problems in the key functions of a business such as sales or management, etc.
Saas - Software as a Service :
This service provides access to operating systems and software managed entirely by the supplier. The consumer has the possibility of adding its own tools and applications. The use of this service saves on the purchase of computer equipment and the administration of systems, while ensuring access at all times.
Safety stock :
Quantity of dormant stock which allows the company to cover an acceleration of consumption or a delay in production or supply.
Sales unit :
The sales unit is used to quantify a packaging. More specifically, it indicates the number of articles. It is a submultiple of per outer and per inner.
Scheduling is a production control technique. Its main objective is to guarantee a minimum manufacturing cost, while maintaining the established manufacturing time. To do this, operators are sequenced and assigned to tasks on individual workstations.
A scorecard is created in the form of a table, it brings together the key factors of the strategic map with different criteria: performance targets, associated indicators, initiatives or strategic action plans, budget allocated as well as the name of the manager.
Self - Checkout :
A system that allows consumers to autonomously scan, using a barcode, the products they wish to purchase in self-service.
Service rate :
Service level is the probability of not being out of stock before the next replenishment cycle, in other words, the probability of not facing lost sales. It is measured over a cycle, which corresponds to the supply time.
Shared supply management :
Collaboration between suppliers whose aim is to reduce the supply and stocks costs of retail outlets while maintaining a high customer service rate.
The management of supply to the distributor is then managed by a group of manufacturers.
This keeps the stock level low while answering the variability in demand.
Shared supply management :
Supply method based on rules defined on the basis of a contract between a supplier and a manufacturer. Order proposals are made by suppliers taking into account warehouse exits.
The distributor therefore delegates all or part of his responsibility for restocking stocks.
Ship from Store :
Delivery method to reduce costs and delivery times. Indeed, the phygital distributor with an online business and a physical store has the possibility of delivering its customers from its stores and not from a storage platform.
In Monstock, a site/branch is a storage unit, containing subunits, called locations.
Six Sigma :
Concept of variability and standard deviation. Its fundamental principle therefore lies in improving customer satisfaction by reducing variability.
SKU - Stock Keeping Unit :
The stock management unit corresponds to a specific item, stored in a specific place. SKU is the most broken down level of inventory processing. This concept simplifies most stock control operations.
SLA - Service Level Agreement :
The Service Level Agreement assesses the level of services of a Cloud Computing solution in SaaS or a software solution.
Location management: Managing locations means optimizing storage locations in a warehouse, depending on the nature of the items and the handling operations they require.
Smart Supply Chain :
Intelligent supply chain aimed at meeting the needs of flexible, integrated logistics, capable of adapting to the seasonality of products as well as to customer needs.
Smoothing activities :
The aim of smoothing activities is to prevent missing items when receiving goods, by cutting in advance the number of packages to be delivered to a store.
Location of a supplier.
Specialized supermarkets :
Large surfaces specialized in clothing, sport, etc.
SSCC Code (Serial Shipping Container Code) :
The SSCC code is a unique identifier generated for each of your handling units. This code consists of two parts: - a fixed part (GS1 company prefix), - a variable part, to identify the handling unit.
Overlaying multiple containers.
Stock assessment :
Assignment of an inventory valuation method (FIFO, LIFO, Weighted average cost method, NIFO, LEFO etc.)
A stock-out occurs when the stock level of a product reaches zero.
Storage Unit :
A storage unit corresponds to the packaging used to store the products in the warehouse.
Store to web :
Tendency of consumers to go online to look at products and then purchase them in stores. The-Store-to-Web is the online storefront for promoting the company's product.
Supply chain :
The supply chain is an activity that manages all the stages and processes that make it possible to deliver products or services to the end customer. The supply chain relies on the synchronization of all processes to be as optimal as possible.
Suspicious stock :
A suspicious stock is a quantity of goods which appears available in the management software, but which is actually missing.
Synchronous flows :
The flow control model in synchronous flow is based on the supply of the various components according to their order of use on the assembly line, to allow delivery of only the necessary quantities at the last moment to the workstations.
TAT - Turnaround Time :
Major performance indicator determining the time needed to finalize a process and respond to a request. It is a major indicator in the evaluation of system planning and scheduling algorithms.
Time to market :
The Time to Market represents the marketing of a product on time.
TMS - Transport Management System :
Transport management software used to optimize and organize transport.
TOC - Theory Of Constraints :
Optimization strategy which focuses on the identification and management of constraints in order to maximize the overall performance of an industrial production system and which thus aims to set up a continuous process based on the control and optimization of the lowest resource.
Total Asset Visibility :
The total visibility on the assets allows to have a complete traceability on the resources from their supplier to their end user.
Tour planning :
Tour planning is the distribution of transport orders between vehicles. This planning makes it possible to minimize the costs and the time spent in delivery compared to the distance to be covered.
Tracing consists in providing proof of delivery of the product (delivery document signed by the recipient).
Tracking is a service offered by carriers to package recipients. This service allows them to follow the status of the order in real time. Some carriers also offer to geolocate the package on the day of delivery.
In Monstock, a transfer allows you to move a product or an equipment and also choosing its arrival location.
Transport pooling :
Transport pooling consists in voluntarily sharing the resources consumed in carrying out industrial transport activities: it can concern vehicles, staff, etc.
TRS - Synthetic Efficiency Rate :
Management and result indicator that falls within the framework of a Lean Management approach, that is to say with the aim of monitoring the rate of use of a machine in a company.
The calculation of the Synthetic Rate of Return consists of 3 components:
- The availability of equipment,
- The performance of the equipment,
- The quality provided by the equipment.
UI Design :
User interface design: The UI design is set up for the user of a website, software or application in order to simplify navigation, while making it visually pleasing.
Unified commerce :
In an omnichannel framework, unified commerce aims to coordinate sales channels as much as possible, in order to ensure a fluid customer experience. To optimize its unified commerce, it is necessary for a company to know how to coordinate its information systems and its logistical processes.
Unified Stock :
Logistics practice allowing "to unify" different storage locations in order to obtain only one central stock to more easily check the availability of a product so that it can be sold or directed to a distribution point.
Upstream Supply Chain :
The Upstream Supply Chain is a logistics activity taking care of supplies, storage and the preparation of orders for the various products before beigntaken over by the transporter.
Urban HUB :
Small-sized warehouses located directly in town to bring stocks closer to consumers to offer a range of varied delivery methods and optimized route management.
This practice is necessary for the survival of the logistics chains of many businesses but also for the benefit of the environment.
UX Design :
User experience design: The UX design is set up for the user experience, to improve their experience of using a product. It takes the criteria of esthetics and simplified use while integrating the criterion of desirability for the user.
A variant is a product model that has specific attributes, which can be color, size, etc. If we take the example of a T-shirt, T-shirt A is the product model. The red T-shirt A in size 36 is a variant, it can also have the gray T-shirt A in size 44 as a variant.
V - cycle :
Corresponds to a conceptual project management model describing the evolution from birth to death of a product or business. This conceptual model requires validation of each step before moving on to the next.
The classical theory of the V-cycle describes in 4 stages the development of a product:
• Introduction: the product arrives on the market and is still very little known to the public,
• Growth: prospects and advertising help the product to market itself. At this stage, competitors are in the market and limit the growth of the product,
• Maturity: reached when growth stops. Sales are stabilized and find a balance in the market,
Vocal preparation :
Vocal preparation is a computer-assisted method of order preparation. The computer plays an audio message, allowing the preparer to locate the picking location and the quantity of product to be sampled. It is the reading of the barcode of the picked product which triggers the broadcasting of the next audio message.
Warehouse activity management system :
The warehouse activity management system is a management system for all activities carried out in the warehouse. It makes it possible to supervise activities such as the use of resources, budgetary consumption or even the carrying out of operations. It allows decisions to be made that affect all of the activities carried out in the warehouse.
WCR - Working Capital Requirement :
The working capital requirement corresponds to the financial resources necessary for a company to cover the financial needs linked to disbursements (expenses / receipts linked to production) and receipts (expenses / receipts linked to the sale of goods and services).
WCR = current assets (stocks + accounts receivable) - current liabilities (supplier debts + tax debts + social debts + other non-financial debts) :
From a broader point of view, WCR can also be defined as a difference between operating assets and liabilities.
WCR = stock + realizable - short-term operating debts :
When a company's activity generates a positive cash flow, the WCR is negative. This can be the case in particular in large distribution companies, which receive the revenue from their sales immediately at the payment by the customer, but who pay their suppliers 60 days after delivery, or even more.
The majority of companies have a negative WCR. They must then raise funds to cover the financial needs created by the operating cycle.
WCS - Warehouse Control System :
The warehouse control system allows you to manage and view in real time all the activities carried out in a warehouse.
Weighted average cost method :
Inventory management method. The goods entry of an article takes place at different real costs and the exit takes place at the weighted average unit cost of the total quantity of stock available.
Wild purchases :
Set of products and services for which companies meet the need on an irregular and punctual daily. These products and services are necessary for the proper functioning and functioning of a business but are not part of the production process.
WMS - Warehouse Management System :
Computer software used to manage and optimize warehousing operations and order preparations.
Workflow is a system for regulating the flow of procedures in a company. It takes into account synchronization, execution time and related alerts.
Work order :
Work management tool. A work order is used to record the various actions to be carried out on maintenance work or treatment of technical anomalies.
Yield Management :
Yield Management is a pricing method based on performance. It takes into account the time of booking and the period chosen to optimize bookings and turnover.
YMS - Yard Management System :
This platform management system makes it possible to carry out an exact management of delivery and lift traffic on the loading and parking areas.