February 22, 2023
Description
In supply chains a sizable portion of supply chain terminology is inadequate. Good terminology should be as neutral and factual as possible, however this is far from the case in supply chain. We suggest changes to ABC analysis, service level, safety stock, seasonality, EOQ, BI and ERP, along with an explanation behind our proposed improvements:
ABC analysis = Moving average segmentation
Service level = Service rate
Safety stock = Gaussian buffer
Seasonality = Cyclicities
EOQ = Flat bulk order
BI = Cube reporting
ERP = ERPM (Enterprise Resource Management)
