E-commerce Dictionary

Supplier Information Management (SIM) is the process of collecting, managing, and maintaining all data related to a company's suppliers, including contact, contractual, and performance information.

The supplier data onboarding process is the structured workflow for collecting, validating, and integrating product data from external suppliers into internal systems.

Supply Chain Management (SCM) oversees the entire flow of goods and services, from raw materials to final delivery to the consumer. It integrates all activities to optimize efficiency, reduce costs, and enhance customer satisfaction.

Time to Market (TTM) measures the duration from a product's conception to its availability for purchase. Optimizing TTM is crucial for e-commerce businesses to stay competitive and capitalize on trends.

The vendor onboarding process is the systematic procedure for integrating new suppliers into a company's systems and workflows, especially for product data.

Warehouse management involves overseeing and optimizing daily operations within a warehouse, including receiving, storing, picking, packing, and shipping goods. It ensures efficient inventory flow and order fulfillment.