Glossary one

3. Demand is an economic term that refers to a consumer's wish to purchase goods or services and their willingness to pay for it.
6. WMS refers to, warehouse management system, an enterprise software system that enables more efficient management of warehouse activities such as receiving, moving, and storing items within the warehouse; order fulfillment; shipping and invoicing of orders; and tracking transactions.
7. An international system used by businesses to produce products or provide services.
8. Incomplete goods that are being worked on
12. Materials ready to be used in production
13. Customer centricity focuses on providing a positive customer experience at every opportunity, from the sale of the product, to the fulfillment and shipping of the product, to any follow-up customer service.
15. Facility refers to a warehouse, a production center, or a distribution center.

1. Distribution is the process of delivering finished products to end users or consumers.
2. Inventory management is the management of warehousing, materials handling, and transportation.
4. Automated materials handling is the process of automated short-distance movement of goods within a facility.
5. Refers to predicting, planning, and coordinating the movement of resources, such as people, materials, inventory, and equipment, from one location to another
9. Inventory is raw materials, stock, or goods maintained in storage by a business.
10. A warehouse is a place used to store raw goods and inventory.
11. Goods Completed products that are ready for storage or shipment to the customer
14. TMS refers to, transportation management system, an enterprise software system that enables the improved management of transportation and tracking of shipments as they move through the supply chain.