Material Management Glossary

Important definitions and terminologies used in Material Management

A

  • ABC Analysis in Material Management
  • ABC classification in Material Management
  • Acceptance Sampling Plans in Material Management
  • Accounting System in Material Management
  • Activity-Based Costing in Material Management
  • Advance Payment in Material Management
  • Asset tracking in Material Management
  • Audit Committee in Material Management
  • Automatic Procurement Items in Material Management

B

  • Backorder in Material Management
  • Bankruptcy in Material Management
  • Barcode scanning in Material Management
  • Batch control in Material Management
  • Best Practices in Material Management
  • Bill of lading (BOL) in Material Management
  • Bill of materials (BOM) in Material Management
  • Blockholder in Material Management
  • Board Diversity in Material Management
  • Board Evaluation in Material Management
  • Board Handbook in Material Management
  • Board of Directors in Material Management
  • Board Pack in Material Management
  • Board Structure in Material Management
  • Board Succession Plan in Material Management
  • Business Judgment Rule in Material Management
  • Business Model in Material Management
  • Busy Board in Material Management
  • Busy Director in Material Management
  • Bylaw in Material Management

C

  • Capacity planning in Material Management
  • Capacity utilization in Material Management
  • Carrier selection in Material Management
  • Chairman of the Board in Material Management
  • Check-Box Mentality in Material Management
  • Chief Executive Officer (CEO) in Material Management
  • Chief Financial Officer (CFO) in Material Management
  • Chief Governance Officer (CGO) in Material Management
  • Civil Law in Material Management
  • Co-Determination in Material Management
  • Code of Best Practices in Material Management
  • Code of Conduct in Material Management
  • Codification / Cataloguing in Material Management
  • Common Law in Material Management
  • Company Secretary in Material Management
  • Compensation Benchmarking in Material Management
  • Compensation Committee in Material Management
  • Compensation Discussion and Analysis (CD&A) in Material Management
  • Compliance in Material Management
  • Compliance Risk in Material Management
  • Comply or Explain in Material Management
  • Conflict of Interest in Material Management
  • Conflict of Loyalty in Material Management
  • Consignment inventory in Material Management
  • Consolidated Financial Statements in Material Management
  • Consolidated Management Statements in Material Management
  • Constitution in Material Management
  • Contract management in Material Management
  • Contract manufacturing in Material Management
  • Control Mechanism (Internal Controls) in Material Management
  • Corporate Actions in Material Management
  • Corporate Governance in Material Management
  • corporate governance radar chart in Material Management
  • Corporate Governance Rating in Material Management
  • Corporate Law in Material Management
  • Corporate Monitors in Material Management
  • Corporate Performance Management (CPM) in Material Management
  • Corporate Plans in Material Management
  • Corporate Social Responsibility (CSR) in Material Management
  • Corporate Strategy in Material Management
  • Cost control in Material Management
  • Cross-docking in Material Management
  • Cumulative Voting in Material Management
  • Custodian in Material Management
  • Cycle counting in Material Management

D

  • Deadstock in Material Management
  • Delegated Authority in Material Management
  • Demand forecasting in Material Management
  • Demand planning in Material Management
  • Demand variability in Material Management
  • Director in Material Management
  • Director Indemnification in Material Management
  • Discrepancy management in Material Management
  • Distribution management in Material Management
  • Diversity, Equity, and Inclusion (DEI) in Material Management
  • Dock appointment scheduling in Material Management
  • Dock-to-stock in Material Management
  • Drag-Along Rights in Material Management
  • Dual-Class Shares in Material Management
  • Duty of Care in Material Management

E

  • E-Procurement in Material Management
  • Earnings Management in Material Management
  • Economic batch quantity in Material Management
  • Economic Order Quantity (EOQ) in Material Management
  • Economic value added (EVA) in Material Management
  • Environmental, Social, Governance (ESG) in Material Management
  • Excess inventory in Material Management
  • Excise Documentation in Material Management
  • Executive Remuneration (Executive Compensation) in Material Management
  • Executive Session in Material Management
  • Extraordinary General Meeting (EGM) in Material Management

F

  • Fiduciary Duty in Material Management
  • Financial Accounting Standards Board (FASB) in Material Management
  • Financial Restatement in Material Management
  • Financial Risk in Material Management
  • First-in, first-out (FIFO) in Material Management
  • Forecasting techniques in Material Management
  • Foreign Exchange Regulation in Material Management
  • Freight forwarding in Material Management

G

  • Generally Accepted Accounting Principles (GAAP) in Material Management
  • Golden Handcuff (Golden Handshakes) in Material Management
  • Good Faith in Material Management
  • Governance Code in Material Management
  • Governance Committee in Material Management
  • Governance Model in Material Management
  • Governance, Risk, Compliance (GRC) in Material Management
  • Governing Document in Material Management
  • Green logistics in Material Management

H

  • Hazardous materials handling in Material Management
  • Hostile Takeover in Material Management

I

  • Import and Export Documentation in Material Management
  • In-transit visibility in Material Management
  • Incoming Materials Control in Material Management
  • Incoterms in Material Management
  • Independent Non-Executive Director (INED) in Material Management
  • Insider Trading in Material Management
  • Inspection criteria in Material Management
  • Integrity in Material Management
  • Interlocked Boards in Material Management
  • Internal Audit in Material Management
  • Inventory accuracy in Material Management
  • Inventory Control in Material Management
  • Inventory management in Material Management
  • Investor Relations (IR) in Material Management

J

  • JIT in Material Management
  • Job sequencing in Material Management
  • Just-in-time (JIT) in Material Management

K

  • Kaizen in Material Management
  • Kanban in Material Management
  • Kanban system in Material Management
  • Key Performance Indicators (KPIs) in Material Management

L

  • Lead Independent (Presiding) Director in Material Management
  • Lead time in Material Management
  • Lead time variability in Material Management
  • Lean manufacturing in Material Management
  • Legal Entity in Material Management
  • Limited Company (LC) in Material Management
  • Limited Liability Company (LLC) in Material Management
  • Logistics management in Material Management
  • Long-Term Incentives in Material Management

M

  • Majority Voting in Material Management
  • Make-to-order (MTO) in Material Management
  • Make-to-stock (MTS) in Material Management
  • Malfeasance in Material Management
  • Management Board in Material Management
  • Management Entrenchment in Material Management
  • Management Reporting in Material Management
  • Material flow analysis in Material Management
  • Material handling in Material Management
  • Material Information in Material Management
  • Material requirements planning (MRP) in Material Management
  • Material resource planning (MRP II) in Material Management
  • Materials handling equipment in Material Management
  • Materials Management in Material Management
  • Materials requisition in Material Management
  • Memorandum of Association in Material Management
  • Minimum order quantity (MOQ) in Material Management
  • Moral Compass in Material Management

N

  • Negligence in Material Management
  • Nominating and Governance Committee in Material Management
  • Non-Binding Vote in Material Management
  • Non-Shareholder Interests in Material Management

O

  • Observer (Advisory) Directors in Material Management
  • Obsolescence management in Material Management
  • Open-to-buy (OTB) in Material Management
  • Operational Risk in Material Management
  • Operational Succession Plan in Material Management
  • Order accuracy in Material Management
  • Order fulfillment in Material Management
  • Order management in Material Management
  • Order picking in Material Management
  • Order picking system in Material Management
  • Order processing in Material Management
  • Order status tracking in Material Management
  • Outsourcing in Material Management
  • Overstock in Material Management

P

  • Packaging and labeling in Material Management
  • Packaging optimization in Material Management
  • Part numbering system in Material Management
  • Pay for Performance in Material Management
  • Peer Group in Material Management
  • Performance metrics in Material Management
  • Performance Units (Shares) in Material Management
  • Performance-Vested Options in Material Management
  • Please visit our Private Markets Glossary in Material Management
  • Please visit our Private Markets Glossary. in Material Management
  • Preferred Stock (Shares) in Material Management
  • Pricing Objectives in Material Management
  • Principles for Responsible Investment (UNPRI) in Material Management
  • Principles-Based Accounting Standards in Material Management
  • Procurement in Material Management
  • Product lifecycle management (PLM) in Material Management
  • Product serialization in Material Management
  • Production planning in Material Management
  • Professional Director in Material Management
  • Protected Disclosure in Material Management
  • Proxy Access in Material Management
  • Proxy Contest (Proxy Fight) in Material Management
  • Purchase order (PO) in Material Management
  • Purchasing Procedures in Material Management
  • Purchasing Systems in Material Management

Q

  • Quality assurance in Material Management
  • Quality control in Material Management
  • Quality inspection in Material Management
  • Quality management system (QMS) in Material Management

R

  • Radio Frequency Identification (RFID) in Material Management
  • Raw material inventory in Material Management
  • Receiving and inspection in Material Management
  • Recourse in Material Management
  • Register of Directors’ Interests in Material Management
  • Regulatory Reporting in Material Management
  • Reorder point in Material Management
  • Replenishment lead time in Material Management
  • Replenishment planning in Material Management
  • Reputation in Material Management
  • Reputational Risk (Reputational Damage) in Material Management
  • Resilience in Material Management
  • Restricted Stock in Material Management
  • Return merchandise authorization (RMA) in Material Management
  • Reverse logistics in Material Management
  • RFID tracking in Material Management
  • Risk Culture in Material Management
  • Risk in Material Management
  • Risk Management in Material Management
  • Risk Tolerance in Material Management
  • Rules-Based Accounting Standards in Material Management

S

  • Safety data sheets (SDS) in Material Management
  • Safety stock in Material Management
  • Sarbanes-Oxley Act of 2002 (SOX) in Material Management
  • Scrap management in Material Management
  • Self Interest in Material Management
  • Service level agreement (SLA) in Material Management
  • Service level metrics in Material Management
  • Severance Agreement in Material Management
  • Share (Stock) Options in Material Management
  • Shareholder Agreement in Material Management
  • Shareholder Democracy in Material Management
  • Shareholder in Material Management
  • Shareholder Relations (Investor Relations, IR) in Material Management
  • Shareholder-Centric Perspective in Material Management
  • Shelf life management in Material Management
  • Shipment tracking in Material Management
  • Six Sigma in Material Management
  • SKU rationalization in Material Management
  • Sourcing strategy in Material Management
  • Spare parts management in Material Management
  • Staggered Board (Classified Board) in Material Management
  • Stakeholder-Centric Perspective in Material Management
  • Stakeholders in Material Management
  • Stock keeping unit (SKU) in Material Management
  • Stock turnover rate in Material Management
  • Stockout in Material Management
  • Stores Management in Material Management
  • Strategic sourcing in Material Management
  • Succession Planning (CEO Succession Planning) in Material Management
  • Supervisory Board in Material Management
  • Supplier collaboration in Material Management
  • Supplier collaboration portal in Material Management
  • Supplier diversity in Material Management
  • Supplier evaluation in Material Management
  • Supplier onboarding in Material Management
  • Supplier performance management in Material Management
  • Supplier relationship management (SRM) in Material Management
  • Supply chain management in Material Management
  • Supply chain optimization in Material Management
  • Supply chain risk management in Material Management
  • Supply chain visibility in Material Management
  • Sustainability practices in Material Management

T

  • Tag-Along Rights in Material Management
  • Terms of Reference (TOR) in Material Management
  • Third-party logistics (3PL) in Material Management
  • Total cost of ownership (TCO) in Material Management
  • Total landed cost in Material Management
  • Total productive maintenance (TPM) in Material Management
  • Traceability in Material Management
  • Transit time in Material Management
  • Transparency in Material Management
  • Transportation management in Material Management
  • Transportation mode selection in Material Management
  • Trust in Material Management

U

  • Unit cost in Material Management

V

  • Vendor Management in Material Management
  • Vendor rating in Material Management
  • Vendor-managed inventory (VMI) in Material Management

W

  • Warehouse layout optimization in Material Management
  • Warehouse management system (WMS) in Material Management
  • Work-in-progress (WIP) in Material Management

X

  • XYZ Analysis in Material Management
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