Outsourcing: Outsourcing involves contracting specific business functions to external service providers to reduce costs or gain expertise.
Order Fulfillment: Order fulfillment is the process of receiving, processing, and delivering customer orders efficiently and accurately.
Overhead Cost: Overhead costs are indirect expenses incurred in running a business, such as rent, utilities, and administrative salaries.
Operational Efficiency: Operational efficiency focuses on optimizing processes and resource utilization to reduce waste and improve productivity.
On-Demand Manufacturing: On-demand manufacturing produces products only when there’s a customer order to minimize inventory and waste.
Outbound Logistics: Outbound logistics manages the distribution of finished products from the manufacturer to customers or retailers.
Overall Equipment Effectiveness (OEE): OEE measures the efficiency and performance of manufacturing equipment in terms of uptime and quality.
Organizational Culture: Organizational culture defines the values, beliefs, and norms that guide behaviors and decision-making within a company.
Order Picking: Order picking is the process of selecting and gathering products from storage for customer orders or shipments.
Obsolete Inventory: Obsolete inventory consists of products or materials that are no longer in demand or have expired.
On-Time Delivery (OTD): OTD measures the percentage of orders delivered to customers on or before the promised delivery date.
Occupational Safety: Occupational safety focuses on creating a safe workplace environment to prevent accidents and injuries.
Outlier Analysis: Outlier analysis identifies data points that deviate significantly from the norm, potentially indicating issues or opportunities.
Offshoring: Offshoring involves relocating business functions or production to foreign countries for cost savings or strategic reasons.
Order Management System (OMS): An OMS is software that manages customer orders, inventory, and order processing workflows.
Operating Expenses (OpEx): OpEx includes day-to-day expenses required to run a business, excluding capital investments.
Open-Source Software: Open-source software is freely available and can be modified and redistributed by users, often used in supply chain and operations.
Outsourced Logistics: Outsourced logistics involves using third-party providers to manage all or part of the supply chain and distribution.
Overstock: Overstock occurs when a business holds excess inventory beyond what is needed, tying up capital and storage space.
On-Site Training: On-site training provides employees with education and skills development at their workplace.
Order Status Tracking: Order status tracking allows customers to monitor the progress of their orders from placement to delivery.
Operational Risk Management: Operational risk management identifies and mitigates risks that could disrupt business operations.
On-Demand Delivery: On-demand delivery services offer immediate or same-day delivery of products to meet customer expectations.
Order-to-Cash (O2C): O2C encompasses all steps from order placement to cash collection, including billing and payment processing.
Outbound Transportation: Outbound transportation manages the shipment of products from a distribution center to end customers.
Overhead Crane: Overhead cranes are heavy-duty lifting equipment used in manufacturing and warehousing for material handling.
Online Procurement: Online procurement streamlines the purchasing process using digital platforms and e-commerce.
Operational Benchmarking: Operational benchmarking compares a company’s performance metrics with industry standards or competitors.
On-Site Inspection: On-site inspection involves physically examining products or facilities to ensure compliance with quality and safety standards.
Order Cycle Time: Order cycle time measures the duration from order placement to order delivery, indicating supply chain efficiency.
Outsourcing Agreement: An outsourcing agreement outlines the terms and responsibilities of a contract between a company and an external service provider.
