Supply Chain Management Concepts

noun A person or company that ships or transports goods or cargo

adjective Describing someone or something related to shipping or transportation

• The shipper is responsible for ensuring that the cargo is delivered safely and on time.
• The shipper just dropped off another package for delivery.
• I'm a hardcore shipper of this couple on the TV show.
• As a shipper of peace, she always tries to resolve conflicts among her friends.

noun the right to operate in the coastal waters of a particular country

• Cabotage laws restrict the transportation of goods or passengers within a country to only domestic carriers.
• You can't just hire a foreign company to transport goods within the country due to cabotage regulations.
• They got fined for trying to do cabotage with an international shipping company.
• The cabotage of ideas within the organization led to a lack of innovation.

noun A designated area in a pool, river, or other body of water for swimming or racing

• The project manager assigned each team member to a specific swim lane to ensure clear accountability.
• Let's make sure we stay in our own swim lanes to avoid any confusion.
• I'm going to crush it in my swim lane and dominate this project.
• In the race of life, everyone has their own swim lane to navigate.

noun JIT is a management philosophy that aims to eliminate waste in all aspects of a business.

• Just-in-time (JIT) inventory management is a strategy used by companies to minimize excess inventory and reduce storage costs.
• Using JIT helps companies keep only the necessary amount of inventory on hand at any given time.
• JIT is like ordering your food just before you're ready to eat, so it's always fresh and hot.
• Implementing JIT in your workflow is like fine-tuning a well-oiled machine, maximizing efficiency and minimizing waste.