Actions

P

Practice

Business Practices

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A Practice or Business Practice is a named and defined way to organize processes, technology, assets and/or people. OpenReference practices allow practitioners to describe a commonly understood way to organizes these processes, technology, assets and people.

A Standard Practice is the commonly accepted way to organize the processes, technology, assets and people; the entry level way with standard performance.

A Best Practice is a practice that is expected to generate better outcomes than a standard practice. Reconfiguring a process from Standard Practice to Best Practice will improve the performance of one or more metrics.

(Best) Practices are considered Terms in OpenReference.

2
  • 2PL (Second-Party Logistics)
  • 2WM (Two-Way Matching)
3
  • 3PL (Third-Party Logistics)
  • 3WM (Three-Way Matching)
4
  • 4PL (Fourth-Party Logistics)
  • 4WM (Four-Way Matching)
5
  • 5PL (Fifth-Party Logistics)
A
  • ABC (ABC Analysis)
  • ASN (Advance Shipment Notice)
  • ATO (Assemble-to-Order)
  • ATP (Available-To-Promise)
  • AVL (Approved Vendor List)
B
  • BC (Blockchain)
  • BF (Backflushing)
  • BMC (Business Model Canvas)
  • BOL (Bill of Lading)
C
  • CKD (Complete Knock Down)
  • CODP (Customer Order Decoupling Point)
  • CRM(S) (Customer Relationship Management System)
  • CSF (Customer Specific Forecast)
  • CTO (Configure-To-Order)
D
  • DAS (Dock Appointment Scheduling)
  • DPL (Denied Party List)
  • DRP (Distribution Requirements Planning)
  • DRP-II (Distribution Resource Planning)
E
  • EAS (Enterprise Application Software)
  • EOQ (Economic Order Quantity)
  • ERP(S) (Enterprise Resource Planning System)
F
G
  • GRC (Governance, Risk & Compliance)
H
  • HRM(S) (Human Resources Management System)
J
  • JIS (Just-In-Sequence)
J cont.
  • JIT (Just-In-Time)
L
  • LIMS (Laboratory Information Management System)
  • LTHT (Low Tech, High Touch)
  • LTMT (Low Tech, Medium Touch)
M
  • MES (Manufacturing Execution System)
  • MIT (Merge-In-Transit)
  • MRO (Maintenance, Repair and Overhaul)
  • MRP (Material Requirements Planning)
  • MRP-II (Manufacturing Resource Planning)
  • MTO (Make-to-Order)
  • MTS (Make-to-Stock)
O
  • OE (Order Engineering)
  • OTB (Open-to-Buy)
P
  • PLM(S) (Product Lifecycle Management Software)
  • POD (Proof of Delivery)
  • PTO (Package-to-Order)
R
S
  • S&OP (Sales & Operations Planning)
  • SCF (Supply Chain Finance)
  • SCO (Supply Chain Outline)
  • SCRM (Supply Chain Risk Management)
  • SDF (Statistical Demand Forecast)
  • SDG (Sustainable Development Goal)
  • SFCS (Shop Floor Control System)
  • SOS (Special Order Service)
  • SOX (Sarbanes-Oxley Act of 2002)
V
  • VMI (Vendor Managed Inventory)
W
  • WMS (Warehouse Management System)
X
  • XDK (Cross-Docking)