Consumer Goods Glossary

Every important industry term explained.

3PL (Third-Party Logistics)
The outsourcing of supply chain operations (ie. warehousing, inventory management or transportation) to an external specialized company.
CPFR (Collaborative Planning, Forecasting and Replenishment)
Business practice that involves suppliers and retailers working together on planning and fulfillment.
Purchase Order (PO)
A document prepared by a retail buyer that outlines the items they intend to purchase from a supplier.