Supply Chain Management

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Basic Terms of Supply Chain Management

Two-Bin system: An inventory ordering system in which the time to place an order for an item is indicated when the first bin is empty. The second bin contains sufficient supply until the order is received.

Pallet: The platform which cartons are stacked on and then used for shipment or movement as a group. Pallets may be made of wood or composite materials. Some pallets have electronic tracking tags (RFID) and most are recycled in some manner.

Value Stream Mapping: A pencil and paper tool used in two stages: 1. Follow a product's production path from beginning to end and draw a visual representation of every process in the material and information flows. 2. Then draw a future state map of how value should flow. The

most important map is the future state map

Advanced Terms of Supply Chain Management

Bucket-brigade Picking: A way of organizing workers on a pick line so that the line balances itself. Each worker starts down a pick line, at the speed they can accomplish given their skill and the difficulty of the next pick. When the last worker finishes his pick at the end of the pick line, he or she walks back upstream to take over the work of their predecessor, who walks back and takes over the work of his or her predecessor and so on

Over, short and damaged (OS&D): This is typically a report issued at warehouse when goods received are more or less than indicated by the packing slip, or are damaged. Used to file claim with carrier

Yokoten: A term Toyota adopted to capture the idea of horizontal transfer of information and knowledge across an organization. Yokoten is a two-way street, requiring proactive effort from both those acquiring and developing the knowledge and those who could benefit from greater understanding of the

requirements for success.

Enterprise Resource Planning (ERP) System: A class of software for planning and managing "enterprise-wide" the resources needed to take customer orders, ship them, account for them and replenish all needed goods according to customer orders and forecasts. Often includes electronic commerce with suppliers. Examples of ERP systems are the application suites from SAP, Oracle, PeopleSoft and others.

The Supply Chain

Forum of NITIE 27th Jul-02nd Aug 2011

*In an endeavour to provide you the best information, Team C2X aggregates data from various resources and makes it available to you at one place. We strongly

recommend you to research on these topics on your own to enhance your learning. In case you have any suggestions kindly mail us at: nitie.c2x@gmail.com

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