Wednesday, September 27, 2017

Definition: consignment inventory

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ISSUE HIGHLIGHTS
Definition: consignment inventory
Definition: Unfreeze, Change, Refreeze (Kurt Lewin Change Management Model)
Definition: periodic inventory system
Definition: distributed control system (DCS)
Definition: Fulfillment by Amazon (FBA)
EXPERT ADVICE
Definition: consignment inventory
Consignment inventory is a supply chain model in which a product is sold by a retailer, but ownership is retained by the supplier until the product has been sold.  
Definition: Unfreeze, Change, Refreeze (Kurt Lewin Change Management Model)
Unfreeze, Change, Refreeze, also known as the Kurt Lewin Change Management Model, is a method for managing change within an organization.  
Definition: periodic inventory system
A periodic inventory system is a mechanism for measuring the level of inventory and the cost of goods sold (COGS) by using an occasional physical count.  
Definition: distributed control system (DCS)
A distributed control system (DCS) is an industrial control system (ICS) that uses a large number of distributed industrial process control loops throughout the system along with centralized supervisory control by an operator.  
Definition: Fulfillment by Amazon (FBA)
Fulfillment by Amazon (FBA) is an advanced service in which third-party vendors store their products in Amazon's fulfillment centers and the e-commerce giant picks, sorts, packs, ships, keeps records, and handles returns and refunds for these products.  
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