Supply Chain Glossary – C Letter

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Description

  • Capacity Planning: Capacity planning involves determining the optimal production capacity to meet demand efficiently while avoiding overproduction or underutilization.
  • Continuous Improvement: Continuous improvement is an ongoing effort to enhance processes, products, and services to achieve higher quality and efficiency.
  • Cost-Benefit Analysis: Cost-benefit analysis assesses the benefits gained from a project or action compared to the associated costs, aiding decision-making.
  • Critical Path: The critical path is the sequence of tasks in a project that determines the shortest time to completion, helping project scheduling.
  • Cycle Time: Cycle time is the duration required to complete a process or task, often used to identify bottlenecks and improve efficiency.
  • Customer Relationship Management (CRM): CRM involves managing interactions with customers to build relationships and enhance satisfaction.
  • Cash Flow: Cash flow is the movement of money into and out of a business, crucial for financial planning and liquidity management.
  • Cross-Docking: Cross-docking is a logistics practice where products are directly transferred from inbound to outbound transportation, reducing storage time.
  • Compliance: Compliance refers to adhering to laws, regulations, and industry standards to ensure ethical and legal business operations.
  • Conveyor System: A conveyor system is a mechanical handling equipment used to move materials or products from one location to another.
  • Capacity Utilization: Capacity utilization measures the extent to which a facility or resource is used compared to its maximum potential, optimizing efficiency.
  • Cost of Goods Sold (COGS): COGS is the direct cost of producing goods, a vital factor in determining profitability.
  • Critical Stock Level: Critical stock level is the minimum quantity of inventory required to avoid stockouts and maintain production.
  • Customer Segmentation: Customer segmentation involves categorizing customers into groups based on shared characteristics to tailor marketing and services.
  • Cellular Manufacturing: Cellular manufacturing organizes production into self-contained cells, enhancing flexibility and reducing lead times.
  • Cash-to-Cash Cycle Time: Cash-to-cash cycle time measures the time it takes to convert investments in inventory back into cash, affecting financial health.
  • Collaborative Planning, Forecasting, and Replenishment (CPFR): CPFR is a supply chain practice that involves joint planning and decision-making among trading partners.
  • Carrying Cost: Carrying cost includes expenses associated with holding inventory, such as storage, insurance, and depreciation.
  • Continuous Replenishment: Continuous replenishment involves automatically replenishing inventory as it is consumed, minimizing stockouts.
  • Customs Clearance: Customs clearance is the process of ensuring imported or exported goods comply with customs regulations.
  • Cost Variance: Cost variance measures the difference between budgeted and actual costs in a project or operation.
  • Cross-Functional Team: A cross-functional team consists of members from different departments working together on a specific project or task.
  • Capacity Constraint: A capacity constraint is a resource or process with limited capacity, often causing production delays.
  • Change Management: Change management focuses on facilitating organizational change and ensuring successful adoption of new processes or technologies.
  • Consignment Inventory: Consignment inventory is stock that is held and managed by a supplier until it is used by the customer, reducing carrying costs.
  • Customer Service Level: Customer service level measures how effectively an organization meets customer expectations and demands.
  • Continuous Flow: Continuous flow production is a manufacturing approach where items move through production without interruption, minimizing work in progress.
  • Cycle Counting: Cycle counting is a method of regularly auditing a portion of inventory items to maintain accuracy without a full physical inventory count.
  • Constraint Management: Constraint management identifies and manages bottlenecks or constraints in processes to optimize throughput.
  • Cost of Quality (COQ): COQ includes all costs related to achieving and maintaining quality standards, encompassing prevention, appraisal, and failure costs.