Supply Chain Basics
This metric measures how long inventory sits before being sold or used.
What is Days on Hand?
In SAP warehouse management, this identifies the exact physical location where inventory is stored, such as aisle, rack, or bin.
What is a storage bin location?
This KPI tracks the financial value of goods sold as a percentage of revenue, heavily impacted by waste and inventory issues.
What is food cost?
In “Cast Away,” this company symbolizes global logistics and package delivery.
What is FedEx?
CAMP
What is Centralized Advanced Material Planning?
This is the time it takes from placing an order until it is received and ready for use.
What is lead time?
This SAP movement type is used to post goods receipts for purchase orders, increasing inventory levels.
What is 101 (movement type 101)?
This KPI measures how well forecasted demand matches actual demand over time.
What is forecast accuracy?
This online giant revolutionized supply chains with same-day delivery expectations.
What is Amazon?
ASN
What is Advanced Shipping Notice?
This refers to inventory that can no longer be used or sold due to expiration, damage, or obsolescence, impacting food cost.
What is shrink / disposition / waste / expired inventory
This technology allows different systems like SAP and Power BI to communicate by sending and receiving data in real time.
What is an API (Application Programming Interface)?
This KPI measures how accurately inventory levels match between system records and physical counts.
What is inventory accuracy / Inventory compliance / Inventory Gap?
In “The Office,” this company sold paper but struggled with supply chain inefficiencies.
What is Dunder Mifflin?
MRP
What is Material Requirements Planning?
This term describes running out of inventory and being unable to meet customer demand.
What is a stockout?
In Power BI, this language is used to create calculated columns and measures for advanced analytics.
What is DAX (Data Analysis Expressions)?
This measures how quickly inventory is sold and replaced over a period of time.
What is inventory turnover?
This movie features Kevin McCallister defending his home after being accidentally “left behind,” a failure in family travel logistics.
What is Home Alone?
BOM
What is Bill of Materials?
The term for checking inventory accuracy without shutting down operations.
What is cycle counting?
This cloud-based platform used at Sky Chefs stores, processes, and analyzes large volumes of supply chain data.
What is Databricks?
This KPI measures how often customer orders are fulfilled completely and on time.
What is OTIF/OTF (On-Time In-Full/On-Time Fulfillment)?
This classic rock band told us “You can’t always get what you want,” which sounds a lot like a stockout situation.
Who are The Rolling Stones?
WIP
What is Work In Progress?