![]() ASNs may be paper-based, however, electronic notification is preferred. ASNs will often include PO numbers, SKU numbers, lot numbers, quantity, pallet or container number, carton number. Advanced shipment notification -advanced shipment notifications (ASNs) are used to notify a customer of a shipment. APS systems have extensive programming logic that allows them to be more effective in dealing with rapidly changing customer demands. See Automated Data Collection Advanced planning and scheduling -software system designed to integrate with ERP and MRP systems to enhance the short term production planning and scheduling systems that are notoriously inadequate in MRP systems. Actual cost -inventory costing method used in manufacturing environments that uses the actual materials costs, machine costs, and labor costs reported against a specific work order to calculate the cost of the finished item. ABC stratifications are used to develop inventory planning policies, set count frequencies for cycle counting, slot inventory for optimized order picking, and other inventory management activities. ![]() Examples of ABC stratifications would include ABC by velocity (times sold), ABC by sales dollars, ABC by quantity sold / consumed, ABC by average inventory investment, ABC by margin. ABC stratification -method used to categorize inventory into groups based upon certain activity characteristics. Has also been applied to customer and vendor management. ![]() ![]() 2-way pallet -See Pallet 3PL -Third party logistics (see separate listing) 4-way pallet -See Pallet Activity based costing -usually refers to costing method that breaks down overhead costs into specific activities (cost drivers) in order to more accurately distribute the costs in product costing. Content on is copyright-protected and is not available for republication. If you disagree with a definition or have additional definitions to submit please email me at This email address is being protected from spambots. The definitions are based on my understanding of the terms and may differ from others opinions. Glossary of Inventory Management and Warehouse Operation Termsīelow are some of the terms, acronyms, and abbreviations you may run into on this site and others on the web relating to inventory operations. ![]()
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