Facility Operations: Managing Every Aspect of an Environment.

Running and overseeing every aspect of an environment. What are the five categories of supply chain processes? The five categories of supply chain processes are: 1. Planning and control 2. Procurement and sourcing 3. Manufacturing and production 4. Transportation and logistics 5. Warehousing and storage What are the 6 types of supply chain management? 1. … Read more

How Backorders Work.

Backorders are when items are out of stock and customers are willing to wait for the product to become available again. This happens because the demand for the product is greater than the supply. In some cases, the customer may not even know that the product is out of stock until after they have placed … Read more

Logistics: What It Means and What Businesses Use It.

Logistics: What It Is and How Companies Use It. What are the 3 types of logistics? There are three types of logistics: inbound logistics, outbound logistics, and reverse logistics. Inbound logistics refers to the process of bringing goods and materials into a company. This includes receiving goods, unpacking them, and storing them until they are … Read more

What Is a Uniform Bill of Lading?

A bill of lading is a legal document that is used to transfer ownership of goods from one party to another. A uniform bill of lading is a standardized form that is used by many businesses in order to streamline the process of transferring goods. The form includes all of the necessary information about the … Read more

Understanding Bottlenecks.

A bottleneck is a point in a process where the flow of materials or information is constrained. In a manufacturing setting, a bottleneck can be caused by a shortage of raw materials, a machine that is not operating at full capacity, or a blockage in the production line. In a supply chain, a bottleneck can … Read more

Periodic Inventory: The Basics.

1. Periodic Inventory: What You Should Know 2. What You Should Know About Periodic Inventory How do you record a periodic inventory system? A periodic inventory system is one in which inventory is only counted and recorded at fixed intervals. This interval is typically once a year, but can be more or less frequent depending … Read more

Third-Party Distributor.

A third-party distributor is an entity that is contracted by a company to distribute its products to retailers or other customers. The distributor is not an employee of the company and is not directly involved in the company’s operations. What does OBD mean in logistics? In logistics, OBD stands for “on-board delivery.” This term refers … Read more

Understanding Free Carrier (FCA) Shipping Terms.

The Free Carrier (FCA) shipping terms are used to define when the seller of goods is responsible for handing over those goods to the carrier, and when the buyer is responsible for taking possession of the goods from the carrier. Under FCA terms, the seller is responsible for delivering the goods to the carrier at … Read more

What Is Procurement?

The term “procurement” refers to the process of acquiring goods or services. Procurement typically involves selecting vendors, negotiating contracts, and managing inventory. In many organizations, procurement is a separate department from the rest of the supply chain. What are the 3 main documents used in the purchasing process? 1. The first document used in the … Read more