Supply Chain Management (SCM): The end-to-end process of planning, implementing, and controlling the flow of goods, services, and information from the point of origin to the point of consumption.

Logistics: The detailed coordination of the physical movement of goods, information, and resources within the supply chain.

Inventory Management: The practice of overseeing and controlling the levels of stocked products within a business.

Supplier Relationship Management (SRM): The strategic approach to managing interactions with suppliers to maximize value and minimize risk.

Demand Planning: Forecasting future demand for products or services to ensure adequate supply.

Procurement: The process of acquiring goods, services, or works from an external source.

Just-in-Time (JIT): A production strategy that aims to produce items at the exact time they are needed in the production process.

Distribution Network: The infrastructure and channels used to move products from the manufacturer to the end consumer.

Lead Time: The time it takes for an order to be fulfilled, from the point of order placement to delivery.

Order Fulfillment: The process of receiving, processing, and delivering customer orders.

Warehousing: The storage and handling of goods within a facility, often including inventory management.

Reverse Logistics: The process of moving goods from their final destination back to the manufacturer or disposal.

Risk Management: Identifying, assessing, and mitigating potential risks within the supply chain.

Global Supply Chain: Managing the flow of goods and services across international borders.

Cross-Docking: A logistics practice where products are distributed directly from inbound shipments to outbound shipments with minimal storage time.

RFID (Radio-Frequency Identification): Technology that uses radio waves to track and identify objects, often used in inventory management.

Supply Chain Visibility: The ability to track and monitor goods and information as they move through the supply chain.

Bullwhip Effect: The amplification of demand variability as it moves upstream in the supply chain.

Collaborative Planning, strategic forecasting essentials, and Replenishment (CPFR): A business practice that combines the efforts of trading partners to improve supply chain efficiency.

Electronic Data Interchange (EDI): The electronic exchange of business documents between organizations.

Sourcing: Identifying and selecting suppliers for goods and services.

Lean Supply Chain: Applying lean principles to optimize the supply chain by eliminating waste and improving efficiency.

Total Cost of Ownership (TCO): The total cost of acquiring, operating, and maintaining a product or service over its lifecycle.

Cycle Time: The total time it takes to complete a business process, from the beginning to the end.

Supply Chain Resilience: The ability of a supply chain to adapt and recover from disruptions.

Vendor Managed Inventory (VMI): A system in which the supplier is responsible for managing the customer’s inventory levels.

SCOR Model (Supply Chain Operations Reference): A framework for evaluating and improving supply chain processes.

Kaizen: A Japanese term for continuous improvement, often applied to supply chain processes.

Batch Processing: Processing a set of items together as a batch, often in manufacturing or order fulfillment.

KPIs (Key Performance Indicators): Metrics used to evaluate the performance of various aspects of the supply chain.

Capacity Planning: Determining the production capacity needed to meet demand.

Blockchain in Supply Chain: Utilizing blockchain technology for enhanced transparency and traceability in the supply chain.

3PL (Third-Party Logistics): Outsourcing logistics and distribution functions to a specialized third-party provider.

SCM Software: Information systems designed to support and optimize supply chain processes.

Circular Economy: An economic model focused on sustainability, minimizing waste, and maximizing the use of resources within the supply chain.