Common Acronyms in Supply Chain Management

Acronyms are always an annoying communication hurdle when you first join a company or industry. They are useful for accuracy and ease of communication if you are in the same field with a similar level of expertise. However, it has the opposite effect in all other scenarios. So I recommend following the Golden Rule and being conservative when using technical terms. There is no industry standard and comprehensive list but below are some commonly used ones to get you started.

3PL

​Third Party Logistics

AWB

Air Waybill

BOL

Bill of Lading

DC

Distribution Centre

EDI

​Electronic Data Interchange

​EFT

​Electronic Funds Transfer

​EOI

​Expression of Interest

EOQ

Economic Order Quantity

​ERP

Enterprise Resource Planning

ETA

Estimated Time of Arrival

FCL

​Full Container Load

FTL

Full Truck Load

JIT

​Just in Time

​LCL

​Less than Container Load

LTL

Less than Truck Load

MRP

Material Requirement Planning

NVOCC

Non vessel operating common carrier

OEM

​Original Equipment Manufacturer

​PO

Purchase Order

​POD

Proof of Delivery

PR

​Purchase Requisition

​QA

Quality Assurance

QC

Quality Control

RFI

Request for Information

​RFID

Radio Frequency Identification

RFP

Request for Proposal

​RFQ

Request for Quote

RFT

Request for Tender

ROP

​Reorder Point

SKU

​Stock Keeping Unit

SLA

Service Level Agreement

​TEU

​Twenty Foot Equivalent Unit

VMI

Vendor Management Inventory

WIP

​Work In Progress

WMS

Warehouse Management System




0 comments

Recent Posts

See All