- 3PL
- Third-party logistics. A company paid to store, pack or move goods for another business.
- Air waybill, bill of lading
- Transport documents. They record what is being carried and for whom: an air waybill for air freight, a bill of lading for sea freight.
- CBPM
- Cannabis-based products for medicinal use. Prescription-only medicines made from cannabis, tightly regulated in the UK.
- CIPS
- Chartered Institute of Procurement & Supply. The professional body for buyers and supply chain managers.
- ERP
- Enterprise resource planning. Business software, such as SAP or Oracle, that links buying, stock, finance and production.
- GDP
- Good Distribution Practice. Rules that keep medicines safe and traceable while they are stored and transported.
- GMP
- Good Manufacturing Practice. Rules that make sure medicines are made consistently to the right quality.
- Greenfield
- A brand-new site. A project built from scratch rather than on an existing operation.
- KPI
- Key performance indicator. A number used to check whether work is on target, such as on-time delivery.
- Procure-to-pay
- The buying process end to end. From requesting goods to paying the supplier.
- QA
- Quality assurance. The team that checks that processes and products meet the required standards.
- S&OP
- Sales and operations planning. A regular process that matches what will be sold with what can be made and supplied.
- SOP
- Standard operating procedure. Written, step-by-step instructions so a task is done the same way every time.
- Specials
- Unlicensed medicines made to order. Made for an individual patient when no licensed medicine meets their clinical need.
- UN/LOCODE
- United Nations location code. A five-character code for places used in trade and transport, such as GB BHM for Birmingham.