Supply Chain Glossary – G Letter

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Description

  • Green Supply Chain: A green supply chain focuses on environmentally sustainable practices and reducing the carbon footprint of logistics and manufacturing.
  • Global Sourcing: Global sourcing involves procuring materials and products from international suppliers to optimize costs and access new markets.
  • Goods-in-Transit: Goods-in-transit refers to products being transported from one location to another, often with insurance coverage.
  • Geographic Information System (GIS): GIS is a technology that uses geographic data to analyze and visualize location-based information in supply chain planning.
  • Group Purchasing Organization (GPO): A GPO is an entity that negotiates discounts and terms on behalf of multiple buyers to achieve cost savings.
  • Governance, Risk Management, and Compliance (GRC): GRC encompasses processes and strategies to ensure legal and ethical compliance in industrial operations.
  • Global Distribution System (GDS): GDS is a computerized network that facilitates the booking and distribution of travel and hospitality services.
  • Gantt Chart: A Gantt chart is a visual tool that displays project tasks and their timelines, aiding project management and scheduling.
  • Gemba Walk: A Gemba walk involves going to the actual workplace to observe processes, identify improvements, and enhance efficiency.
  • Gross Margin: Gross margin is the percentage of revenue that remains after deducting the cost of goods sold (COGS), indicating profitability.
  • Global Trade Management (GTM): GTM encompasses processes and tools for managing international trade, including compliance and customs.
  • Goods Receipt: Goods receipt is the formal acknowledgment of receiving products or materials into inventory or a warehouse.
  • Global Logistics: Global logistics involves the coordination and management of transportation, inventory, and distribution on a worldwide scale.
  • Green Manufacturing: Green manufacturing emphasizes environmentally friendly practices in production processes, such as recycling and waste reduction.
  • Global Procurement: Global procurement involves sourcing goods and services from suppliers worldwide to optimize costs and supply chain efficiency.
  • Global Positioning System (GPS): GPS is a satellite-based navigation system used for tracking and locating assets and vehicles in logistics.
  • Global Trade Compliance (GTC): GTC ensures that international trade activities adhere to regulatory requirements and trade agreements.
  • Goods Outward Process: Goods outward process manages the preparation and shipping of products to customers or distribution centers.
  • Goods-to-Person (G2P): G2P is an order picking method where products are brought to the picker, reducing travel time and increasing efficiency.
  • Goods Receipt Inspection (GRI): GRI involves inspecting received goods to ensure they meet quality and quantity specifications.
  • Greenhouse Gas Emissions: Greenhouse gas emissions are pollutants released during industrial processes, affecting sustainability efforts.
  • Group Technology (GT): GT categorizes parts with similar characteristics to improve manufacturing and inventory management.
  • Global Trade Finance: Global trade finance provides financial solutions for international transactions, including letters of credit and trade insurance.
  • Global Inventory Management: Global inventory management optimizes the control and distribution of inventory across international locations.
  • General Average (GA): General average is a maritime principle where all parties share the cost of a loss or sacrifice of cargo.
  • Global Logistics Network: A global logistics network connects transportation providers, warehouses, and suppliers worldwide to streamline supply chain operations.
  • Goods Return Process: The goods return process manages the handling and disposition of returned products from customers or retailers.
  • Global Sourcing Strategy: A global sourcing strategy outlines the approach for procuring materials and products from international suppliers.
  • Green Packaging: Green packaging focuses on eco-friendly materials and designs to minimize waste and environmental impact.
  • Global Trade Compliance Software: Global trade compliance software automates and manages compliance activities related to international trade regulations.
  • Goods Movement: Goods movement involves the physical transfer of products within a warehouse or distribution center.