|
Safety Stock
The inventory a company holds above normal needs as
a buffer against delays in receipt of supply or changes
in customer demand.
Salvaged material
Unused material that has a market value and can be sold
Saw-Tooth Diagram
A quantity-versus-time graphic representation of the
order point/order quantity inventory system showing
inventory being received and then used up and reordered
Scrap material
Unusable material that has no market value.
Shelf life
The amount of time an item may be held in inventory
before it becomes unusable. Shelf life is a
consideration for
food and drugs which deteriorate over time, and for high
tech products which become obsolete quickly.
Shingo’s Seven Wastes
Shigeo Shingo, a pioneer in the Japanese Just-in-Time
philosophy, identified seven barriers to improving
manufacturing. They are the waste of overproduction,
waste of waiting, waste of transportation, waste of
stocks, waste of motion, waste of making defects, and
waste of the processing itself.
Ship agent
A liner company or tramp ship operator representative
who facilitates ship arrival, clearance, loading and
unloading, and fee payment while at a specific port.
Ship broker
A firm that serves as a go-between for the tramp ship
owner and the chartering consignor or consignee.
Shipper
The party that tenders goods for transportation.
Shipper’s agent
A firm that acts primarily to match up small shipments,
especially single-traffic piggyback loads to permit use
of twin-trailer piggyback rates.
Shipper’s association
A nonprofit, cooperative consolidator and distributor of
shipments owned or shipped by member firms; acts in much
the same was as for-profit freight forwarders.
Shipping
The function that performs tasks for the outgoing
shipment of parts, components, and products. It includes
packaging, marking, weighing, and loading for shipment.
Shipping Lane
A predetermined, mapped route on the ocean that
commercial vessels tend to follow between ports. This
helps ships avoid hazardous areas. In general
transportation, the logical route between the point of
shipment and the point of delivery used to analyze the
volume of shipment between two points.
Shipping Manifest
A document that lists the pieces in a shipment. A
manifest usually covers an entire load regardless of
whether the load is to be delivered to a single
destination or many destinations. Manifests usually list
the items, piece count, total weight, and the
destination name and address for each destination in the
load.
Slotting
Warehouse slotting is defined as the placement of
products within a warehouse facility. Its objective is
to increase picking efficiency and reduce warehouse
handling costs through optimizing product location and
balancing the workload.
Stock Out
A term used to refer to a situation where no stock was
available to fill a request from a customer or
production order during a pick operation. Stock outs can
be costly, including the profit lost for not having the
item available for sale, lost goodwill, substitutions.
Also referred to Out of Stock (OOS)
Supplier Certification
Certification procedures verifying that a supplier
operates, maintains, improves, and documents effective
procedures that relate to the customer’s requirements.
Such requirements can include cost, quality, delivery,
flexibility, maintenance, safety, and ISO quality and
environmental standards.
Supply Chain
1) starting with unprocessed raw materials and ending
with the final customer using the finished goods, the
supply chain links many companies together
2) the material and informational interchanges in the
logistical process stretching from acquisition of raw
materials to delivery of finished products to the end
user. All vendors, service providers and customers are
links in the supply chain
|
|
