The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

A systematic, fact-based approach to optimizing an organization's supply base and improving the overall value proposition.

The process of forecasting future customer demand to ensure that products are available when needed.

The supervision of non-capitalized assets, or inventory, and stock items to ensure sufficient supply and minimize costs.

The detailed coordination of complex operations involving people, facilities, and supplies to ensure effective supply chain efficiency.

A strategic planning tool used to identify strengths, weaknesses, opportunities, and threats related to a business or project.

Quantifiable measures used to evaluate the success of an organization in meeting objectives for performance.

A process by which business decisions are analyzed as a comparison of costs and benefits.

The identification, assessment, and prioritization of risks followed by coordinated efforts to minimize, monitor, and control the probability of unfortunate events.

The systematic approach to developing and managing partnerships with the suppliers of goods and services.

The configuration of logistics systems to optimize the flow of goods from suppliers to customers.

The process of controlling and administering warehouse operations, including inventory management and order fulfillment.

The evaluation of costs associated with transporting goods to determine the most efficient and cost-effective methods.

The practice of estimating future customer demand using historical data and market analysis.

Methods used to ensure that inventory levels are maintained at optimal levels to meet customer demand.

The process of creating a numerical representation of a company's financial performance to support decision-making.

An ongoing effort to improve products, services, or processes through incremental improvements over time.

A detailed plan outlining how strategies will be executed, including timelines, resources, and responsibilities.

The process of aligning and coordinating the different parts of the supply chain to work together effectively.

The forces that impact the supply and demand of goods and services in a market.

A contract between a service provider and a customer that outlines the expected level of service.

Items that are no longer in demand and cannot be sold at regular prices.

The process of improving the efficiency and effectiveness of a supply chain to maximize customer satisfaction and minimize costs.

The assessment of the supply chain's performance and the identification of areas for improvement.

The complete process from point of sales inquiry to delivery of a product to the customer.