Supply Chain Terminology

noun an amount or portion of a resource that is assigned to a particular recipient or purpose

• The allocation of resources was carefully planned to ensure efficiency.
• They divvied up the tasks among the team members.
• They split up the work like a boss.
• The allocation of time is like dividing a pie, everyone gets a slice.

verb to present or introduce something for consideration or discussion

• The committee decided to bring forward the proposal for further discussion.
• Let's bring forward our meeting to tomorrow instead.
• We should totally bring forward the party to this weekend!
• She always tries to bring forward new ideas during team meetings.

verb to acquire something in exchange for money or goods

• I plan to buy a new car next month.
• I'm gonna buy a new phone this weekend.
• I'm gonna splurge and buy those new kicks.
• You can't buy happiness, but you can buy ice cream which is kind of the same thing.

noun a flexible series of linked metal rings used for fastening or securing objects

verb to restrict or confine

• The company has implemented a new supply chain management system to improve efficiency.
• I need to stop by the store to pick up a new chain for my bike.
• I can't believe she broke the chain of command and went straight to the boss.
• Each decision we make has a ripple effect, creating a chain of events.

noun the amount of money that is required or spent in order to buy, produce, or do something

verb to require the payment of (a specified sum of money) before it can be acquired or done

• The cost of living in this city is quite high compared to other areas.
• I'm not sure if I can afford the cost of going to that concert.
• I can't believe how much that new phone costs, it's highway robbery!
• The cost of success often includes sacrifices and hard work.

noun A discount store is a retail store that sells products at lower prices than traditional retail stores.

• The discount store offers a wide range of products at lower prices.
• I love shopping at the discount store because everything is so cheap.
• Let's hit up the discount store for some good deals.
• The discount store is like a treasure trove of affordable items.

noun a word that represents a person, place, thing, or idea

verb a word used to describe an action, state, or occurrence

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

• The company decided to flood the market with their new product in order to increase brand awareness.
• They're gonna flood the market with those sneakers next week.
• They're planning to totally flood the market with those new gadgets.
• The sudden release of the album is going to flood the market with new music.

verb Foreseen is the past participle form of the verb 'foresee', which means to predict or anticipate something happening in the future.

• The potential risks were carefully foreseen and addressed in the project plan.
• I never foreseen that happening, it was a total surprise.
• I didn't see that coming, it was totally unforeseen.
• The storm was foreseen on the horizon, a metaphor for the challenges ahead.

adjective describing the quantity of something as insufficient or scarce

• During the drought, water became in short supply in the region.
• We're running low on snacks, they're in short supply.
• The new sneakers are so popular, they're in short supply.
• Patience seems to be in short supply these days.

noun the detailed organization and implementation of a complex operation

adjective relating to the detailed organization and implementation of a complex operation

• The company hired a team of experts to handle all logistics related to the upcoming product launch.
• I'm in charge of sorting out all the logistics for the party next weekend.
• Let's make sure we've got all the logistics sorted before we head out.
• In order to succeed, we need to carefully plan out the logistics of our project.

noun a situation in which no progress can be made, typically because of disagreement or deadlock

• The logjam in the legislative process has delayed the passing of important bills.
• There's a logjam in the kitchen sink because someone forgot to clean out the drain.
• The traffic was a total logjam this morning, I was stuck for over an hour!
• The team's lack of communication created a logjam in the project timeline.

noun a particular or indefinite amount of something

• The quality of the product is just as important as the quantity produced.
• I can't believe the quantity of food they served at the party last night!
• I'm all about that quantity over quality when it comes to shopping.
• He may have a large quantity of friends, but only a few are truly loyal.

noun a store that sells goods directly to the public

• The retail store offers a wide range of products for customers to choose from.
• I'm going to swing by the retail store to pick up a few things.
• Let's hit up the retail store for some shopping.
• The retail store is like a treasure trove of hidden gems waiting to be discovered.

noun the sale of goods to the public in relatively small quantities for use or consumption rather than for resale

verb to sell goods to the public for personal use

adjective relating to the sale of goods to the public

• The retail sector is experiencing a shift towards online shopping.
• I love browsing through retail stores to find the best deals.
• I'm going to hit up the retail therapy session this weekend.
• The retail of emotions in her voice was evident during the conversation.

noun a movement or action of rolling something up

verb to move or cause to move in a circular manner in order to form a cylinder or ball

• Please remember to roll up the sleeves of your shirt before entering the laboratory.
• Hey, could you roll up your jeans a bit? They're dragging on the ground.
• Let's roll up to the party and see what's going on.
• It's time to roll up our sleeves and get to work on this project.

verb to accumulate or increase in quantity or amount

adverb in a way that allows for accumulation or increase

• The company will need to analyze how their financial projections stack up against industry standards.
• I wonder how our team's performance will stack up compared to the competition.
• I heard that new restaurant really stacks up in terms of flavor and value.
• When faced with challenges, it's important to remember how your strengths stack up against your weaknesses.

verb past participle form of the verb 'unsupply', meaning to fail to provide or give something

adjective describing something that has not been provided or given

• Due to a logistical error, the store was unsupplied with the necessary inventory.
• Sorry, we're unsupplied with that item at the moment.
• We're totally unsupplied for the party tonight, we need to go shopping ASAP.
• His mind was unsupplied with the creativity needed to solve the problem.

noun a situation in which a product is not currently available for immediate delivery but can be ordered for future delivery

• The product is currently on back order and will be shipped as soon as it becomes available.
• Sorry, but your item is on back order so it might take a little longer to arrive.
• They ran out of stock so my order got put on back order.
• His patience was on back order as he waited for her to make up her mind.

adjective a word that describes or gives more information about a noun, in this case, 'replenishable' describes something that can be replenished or replaced

• The company is committed to using replenishable resources to minimize environmental impact.
• We should opt for products that are made from replenishable materials.
• Dude, let's make sure to choose stuff that's replenishable, ya know?
• Her kindness seemed to be a replenishable well, never running dry.

verb to obtain goods or services from within a company or organization rather than from an external supplier

• The company decided to insource their IT department to improve efficiency.
• They're insourcing the customer service team next week.
• I heard they're gonna insource the whole project, dude.
• Sometimes you need to insource your strengths instead of outsourcing them.

noun a garland or wreath of daisies linked together in a chain

• The children in the kindergarten class made a daisy chain during art time.
• We should make a daisy chain for the picnic tomorrow.
• Let's go outside and make a daisy chain, it'll be fun!
• The team worked together in a daisy chain to complete the project on time.

noun A word that represents a person, place, thing, or idea. In this case, 'operational chain' is a noun because it is a term used to describe a sequence of operations or steps in a process.

• The operational chain of command must be followed at all times in order to maintain efficiency.
• Make sure you follow the operational chain or you'll get in trouble.
• You gotta stick to the operational chain if you want things to run smoothly.
• The operational chain is like a well-oiled machine, each part working together seamlessly.

noun a situation in which the amount of goods or services produced is less than what is needed or expected

• The underproduction of goods led to shortages in the market.
• There wasn't enough stuff made, so now we're running low.
• They didn't make enough, so now we're in a bind.
• The underproduction of ideas stifled the creativity of the team.

noun a situation in which the cost of producing each unit of a good or service increases as a company grows larger and its production capacity expands

• The company experienced diseconomies of scale when its production costs increased as it expanded.
• When the business got bigger, it started spending more money than before due to diseconomies of scale.
• As the company grew, it started losing money because of diseconomies of scale.
• Like a balloon being inflated too much, the company faced diseconomies of scale as it expanded beyond its optimal size.

noun account days - refers to a specific period of time designated for accounting purposes

• The company's payment terms are net 30 account days.
• You have 30 days to settle the bill.
• You've got a month to pay up.
• Time's ticking on those account days.

noun an amount of money owed by a customer to a business for goods or services provided on credit

• The company's financial statements show a high level of account receivable, indicating a strong sales performance.
• We need to follow up on those account receivable to make sure we get paid on time.
• I heard the boss is cracking down on late account receivable, so we better stay on top of it.
• Account receivable is like a ticking time bomb - if we don't manage it properly, it could blow up in our faces.

noun A word that represents a person, place, thing, or idea. In this case, 'actual' can also function as a noun, representing something that is real or existing in fact.

adjective A word that describes or modifies a noun. In this case, 'actual' is an adjective that specifies that the cost being referred to is real or factual, as opposed to estimated or projected.

• The actual cost of the project turned out to be higher than initially estimated.
• I didn't realize the actual cost of the concert tickets until I checked my bank statement.
• I was shocked when I found out the actual cost of the repairs - it was way more than I expected.
• The actual cost of pursuing your dreams may be higher than you anticipate, but it's worth it in the end.