TMS software Definitions

  • C

    cross-docking

    Cross-docking is the practice of unloading goods from inbound delivery vehicles and loading them directly onto outbound vehicles.

  • S

    supplier relationship management (SRM)

    Supplier relationship management (SRM) is the systematic approach of assessing suppliers' contributions and influence on success, determining tactics to maximize suppliers' performance and developing the strategic approach for executing on these determinations.

  • What is Supply Chain Management (SCM) and Why is it important?

    Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product's flow from materials to production to distribution in the most economical way possible.

  • T

    traceability

    Traceability, in supply chain management, is the ability to identify, track and trace elements of a product or substance as it moves along the supply chain from raw goods to finished products. The concept applies to both the discrete manufacturing industry, which produces products such as automobiles, and to the process manufacturing industry, which includes products such as chemicals.

  • Transportation Management System (TMS)

    A transportation management system (TMS) is specialized software for planning, executing and optimizing the shipment of goods.

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