Related glossary terms

  • Advanced Planning and Scheduling (APS)

    Advanced Planning and Scheduling (APS) uses real-time data and algorithms to optimize resources, reduce lead times, and improve scheduling in the supply chain.

  • TMS (Transportation Management System)

    TMS (Transportation Management System) is software for planning, executing, and optimizing freight transportation, including routing, carrier selection, and…

  • Lead Time

    Lead Time is the total time from placing an order to receiving it, encompassing order processing, production, and transit, essential for managing inventory…

  • Just-In-Time (JIT) inventory

    Just-In-Time (JIT) inventory is a supply chain strategy that receives goods only as they are needed in production, minimizing holding costs and storage…

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