Glossary

Your Go-To Resource for Understanding Supply chain glossaries and key Logistics Terms

Enhance your knowledge and become an expert in e-commerce shipping and checkout processes with our detailed glossary. Explore the essential terminology you need to succeed in the online retail space.

Accelerated Commercial Release Operations Support System (ACROSS)

A system used by Canada Customs to expedite the release of shipments by allowing electronic data interchange around the clock.

Acceptable Quality Level

In quality management, a threshold level that represents a satisfactory average quality level in a batch or series of lots during sampling inspection.

Acceptable Sampling Plan

A specific plan indicating the sizes of samples to be used and the criteria for accepting or rejecting a lot based on those samples.

What is Demand Forecasting – Methods & Types of Demand Analysis

Demand forecasting is a business’s way of having a crystal ball to tell what will happen in the future! It is the art of forecasting the consumer’s future needs for a particular product or service.

What Is Cross Docking?

Cross Docking leads to an enhancement of the supply chain since it fastens the delivery of products. This conceals the idea of shifting goods from the supplier to the customer without multiple transfers and storage.

What is Active Stock?

Active stock means the inventory that a business uses, refills, and moves around regularly. This stock includes items with a constant turnover rate, are consistently in demand, and require frequent restocking. Active stock differs from passive or inactive stock, including items that move slowly or are rarely used.