Logistics
This mode of transportation is the most cost-effective for moving large quantities of goods over long distances, but it's also the slowest.
What is ocean freight?
This strategy involves keeping minimal inventory on hand and receiving goods only as they are needed in the production process.
What is Just-In-Time (JIT)?
This document is sent by a buyer to a supplier to confirm the details of a purchase, including quantity, price, and delivery terms.
What is a Purchase Order (PO)?
Retailers are increasingly using this technology to navigate tariff uncertainty and are placing holiday orders two months earlier than usual.
What is artificial intelligence (AI)?
This item, often hoarded like gold during supply chain disruptions, mysteriously disappears from the break room faster than pallets from a warehouse.
What is coffee?
This type of freight shipment fills an entire truck trailer and is typically more cost-effective for large loads.
What is Full Truckload (FTL)?
This statistical method uses historical data to predict future customer demand and helps optimize inventory levels.
What is demand forecasting?
This purchasing method involves negotiating long-term agreements with suppliers to lock in prices and ensure supply continuity.
What is strategic sourcing?
To stay competitive in 2025, small and medium-sized manufacturers are advised to strengthen relationships with these partners to build resilient supply chains.
Who are local suppliers?
This phrase, often found in emails from suppliers, translates roughly to “we forgot your order but we’re pretending everything is fine.”
What is ‘We’re looking into it’?
When a planner says “we’re optimizing the route,” they really mean this—especially when the GPS sends the truck through a cornfield.
What is “we’re winging it”?
This ancient tool is just as accurate as some demand forecasts and doesn’t require a subscription to an analytics platform.
What is a crystal ball?
This mythical creature is rumored to deliver all POs on time, with zero price changes and perfect vendor compliance.
What is the ideal supplier?