Common terms and expressions in industry

The manufacturing and retail industry use a number of common terms to describe industry-specific daily tasks, software solutions and processes.

We've put together a quick list of these industry expressions to help understand some of the lingo that is being used in manufacturing and retail.

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Software Products

Acronyms and Abbreviations

The industry also uses a number of abbreviations and acronyms in order for easy communication. Below are some of the more commonly used acronyms and what they mean.

TermMeaning
PIMProduct Information Management
PLMProduct Lifecycle Management
PCMProduct Content Management
PXMProduct Experience Management
3PLThird Party Logistics
DAMData Asset Management
MFAMulti-Factor Authentication
TOPTop of Production
D2CDirect to Consumer
PODPrint on Demand
CMTCut, Make, Trim
FOBFreight on Board
SMSSalesman Samples
BOMBill of Materials
BOL/BLBill of Lading
SCMSupply Chain Management
UPCUniversal Product Code
SKUStock Keeping Unit
OMSOrder Management System
MAPMinimum Advertised Price
RRPRecommended Retail Price
MSRPManufacturer's Suggested Retail Price
PPSPre-Production Sample
DCDistribution Center
VMVisual Merchandiser
LDPLanded Duty Paid
CTACall to Action
O2OOffline to Online
MPSMaster Production Schedule
GSCMGreen Supply Chain Management
EXWEx Works
ICCInternational Chamber of Commerce
FCAFree Carrier
CPTCarriage Paid To
CIPCarriage and Insurance Paid To
DATDelivered at Terminal
DAPDelivered at Place
DDPDelivered Duty Paid
FASFree Alongside Ship
FOBFree on Board
CFRCost and Freight
CIFCost, Insurance and Freight

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